Mark Zuckerberg, Sheryl Sandberg spared from testifying
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9hon MSN
On Wednesday, a trial began in Delaware, where Meta Platforms shareholders are seeking $8 billion in damages from top executives, including Mark Zuckerberg, Peter Thiel and Sheryl Sandberg, over alleged failures to protect user data following the Cambridge Analytica scandal.
Meta Platforms, led by Mark Zuckerberg, settled a lawsuit seeking $8 billion for privacy violations. Shareholders accused the company of neglecting user data protection, resulting in significant fines.
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.
At the core of the case is the claim that Meta’s board knew about and enabled lax privacy practices that ultimately led to scandals such as Cambridge Analytica
Security is tighter than ever at the Allen & Company summit—“literally the dumbest thing in the world,” says Fox’s Charlie Gasparino—but journalists still manage to eke out scoops on mogul meetups and Ivanka Trump’s coffee runs.
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