{"id":382,"date":"2025-07-17T20:01:36","date_gmt":"2025-07-17T20:01:36","guid":{"rendered":"https:\/\/dexalumpotrik.com\/?p=382"},"modified":"2025-07-21T13:30:53","modified_gmt":"2025-07-21T13:30:53","slug":"meta-investors-zuckerberg-settle-facebook-privacy-suit","status":"publish","type":"post","link":"https:\/\/dexalumpotrik.com\/index.php\/2025\/07\/17\/meta-investors-zuckerberg-settle-facebook-privacy-suit\/","title":{"rendered":"Meta investors, Zuckerberg settle Facebook privacy suit"},"content":{"rendered":"<p>Meta investors and Meta CEO Mark Zuckerberg settled an $8 billion lawsuit with shareholders on Thursday.<\/p>\n<p>The investors were seeking $8 billion in damages from Meta in fines and legal costs shelled out by Facebook to resolve users&#8217; privacy breaches. <\/p>\n<p>Details of the settlement were not immediately available, and a spokesperson for Meta declined to comment on the matter.\u00a0Facebook changed its name to Meta in 2021.<\/p>\n<p>The case follows a 2019 settlement with the Federal Trade Commission (FTC) following data leaks to <a href=\"https:\/\/archive.ph\/o\/Nwkqo\/https:\/\/www.bloomberg.com\/quote\/1584842D:LN\" target=\"_blank\" rel=\"noreferrer noopener\">Cambridge Analytica<\/a>, a political consulting firm used by President Trump\u2019s campaign team during his first White House bid.\u00a0\u00a0<\/p>\n<p>They alleged that the $5 billion settlement with the FTC six years ago was done to shield Zuckerberg from financial obligations after the data breach.&nbsp;<\/p>\n<p>Eleven defendants were named in the case held before Judge Kathaleen McCormick in the Delaware Court of Chancery.<\/p>\n<p>Peter Thiel, co-founder of Palantir Technologies, and Reed Hastings, co-founder of Netflix, were listed as defendants in the case, <a href=\"https:\/\/www.bbc.com\/news\/articles\/cx2jmledvr3o\" target=\"_blank\" rel=\"noreferrer noopener\">according to the BBC<\/a>.<\/p>\n<p>The outlet also reported Jeff Zients, former President Biden&#8217;s White House chief of staff and two-year Meta director, was also named in court documents.\u00a0\u00a0<\/p>\n<p><em>The Associated Press contributed to this report.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta investors and Meta CEO Mark Zuckerberg settled an $8 billion lawsuit with shareholders on Thursday. The investors were seeking $8 billion in damages from Meta in fines and legal costs shelled out by Facebook to resolve users&#8217; privacy breaches. Details of the settlement were not immediately available, and a spokesperson for Meta declined to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/posts\/382"}],"collection":[{"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/comments?post=382"}],"version-history":[{"count":1,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/posts\/382\/revisions"}],"predecessor-version":[{"id":383,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/posts\/382\/revisions\/383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/media\/384"}],"wp:attachment":[{"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/media?parent=382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/categories?post=382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dexalumpotrik.com\/index.php\/wp-json\/wp\/v2\/tags?post=382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}