Finance Foggle

  Key Takeaways Meta investors settled  an $8 billion lawsuit against Mark Zuckerberg and executives over privacy failures, ending a high-stakes trial . Cambridge Analytica scandal  triggered the lawsuit, where user data was harvested for political campaigns . Undisclosed settlement terms  mean no public accountability for Zuckerberg or the board, critics argue . FTC’s $5 billion fine  in 2019 was central to the case, but gaps in oversight remained . Caremark claims  are notoriously hard to prove, and this case sets no legal precedent . The $8 Billion Privacy Lawsuit Against Zuckerberg Ends Quietly Meta investors just settled a massive lawsuit against Mark Zuckerberg and ten other executives. They wanted $8 billion for privacy failures tied to the Cambridge Analytica mess. The trial started this week in Delaware’s Court of Chancery. But it ended fast, on day two. Judge Kathaleen McCormick got the news Thursday. Shareholders’ lawyer Sam Closic said the deal ...