Zuckerberg’s Privacy Failures Exposed — $8 Billion Lawsuit Rocks Meta!
Meta Platforms Inc. CEO Mark Zuckerberg is set to appear as a star witness in a high-stakes $8 billion trial starting this week, where shareholders accuse him and other top executives of running Facebook as an illegal enterprise that harvested user data without consent.
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The lawsuit, filed by Meta investors including union pension funds and individual shareholders, claims Zuckerberg and company leaders violated a 2012 agreement with the Federal Trade Commission (FTC) designed to protect user privacy. This follows the infamous Cambridge Analytica scandal of 2018, where data from millions of Facebook users was improperly accessed.
Plaintiffs seek reimbursement for fines and costs Meta incurred after the scandal, including a record $5 billion FTC fine in 2019. Along with Zuckerberg, defendants include former COO Sheryl Sandberg and board members like Marc Andreessen and Peter Thiel.
The non-jury trial in Delaware’s Court of Chancery will examine whether Facebook leadership failed their oversight duties and knowingly violated privacy laws. Shareholders also allege Zuckerberg profited by offloading company stock during the scandal.
Meta has declined to comment, and defendants call the claims “extreme.” The case marks a landmark moment in corporate governance and privacy accountability as digital privacy concerns grow.
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