Reported 20 days ago
Meta Platforms successfully dismissed a shareholder lawsuit alleging fraud over its handling of Apple’s privacy policy changes, which purportedly diminished the appeal of Facebook and Instagram for advertisers. U.S. District Judge Yvonne Gonzalez Rogers ruled that claims of concealment regarding former COO Sheryl Sandberg and the impact of the platform's Reels feature lacked substantiation. As the court found no evidence of federal securities law violations, the lawsuit was dismissed with prejudice.
Source: YAHOO