Reported about 13 hours ago
The Supreme Court has ruled that a multibillion-dollar class action lawsuit against Meta, the parent company of Facebook, can proceed. This lawsuit stems from allegations linked to the Cambridge Analytica privacy scandal, where investors claim Meta failed to disclose the risks related to the misuse of users’ personal data, leading to significant drops in the company's stock price. Meta expressed disappointment in the ruling, asserting that the claims are unfounded.
Source: YAHOO