$8 Billion Privacy Lawsuit Settled Between Meta Investors and Zuckerberg

In a sudden tech and social media-related development, a high-profile lawsuit centered on privacy violations at Facebook—now Meta Platforms—concluded unexpectedly with a settlement with the plaintiffs: Meta investors. Shareholders had been seeking an estimated $8 billion in damages from Mark Zuckerberg and other current and former Meta directors and officers. They alleged these individuals allowed repeated breaches of user privacy, causing significant financial harm to the company.

The settlement was announced in a Delaware court just as the trial was poised to enter its second day. Crucially, the specific terms of this agreement remain undisclosed. Neither the defense lawyers nor Meta offered immediate comments following the announcement.

Read more at MSN