2025-07-17
Mark Zuckerberg and other Meta bigwigs just agreed to a settlement in $8 billion suit
Meta CEO Mark Zuckerberg, along with a group of current and former company directors and officers, just agreed to settle to end a trial that sought $8 billion in damages, according to a report by Reuters. Zuckerberg and the others will actually be paying out to Meta shareholders as a recompense for damages allegedly caused by allowing repeated violations of Facebook users' privacy.
The parties have not disclosed the details of the settlement, but one would assume the payout was less than the $8 billion the plaintiffs originally asked for. Judge Kathaleen McCormic [...]
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