Zuckerberg and Meta investors reach settlement in $8B privacy case

Mark Zuckerberg and other current and former meta executives have set up a case filed by a group of shareholders, who have repeatedly permitted the privacy of Facebook users related to the Cambridge Analytica scandal.

Parties Have not revealed the details of the settlementAccording to Reuters.

Facebook shareholders have filed a lawsuit against Mark Zuckerberg, former COO Sherill Sandberg and other executives, complaining that they intentionally violated a Federal Trade Commission agreement with third -party applications without the use of third -party applications.

FTC has fined $ 5 billion in 2019 in 2019 to fail to comply with a 2012 deal that the company needs to protect users’ personal data.

The trial was expected to features the testimonial CEO of Zuckerberg, Sandberg, Peter Thiel, Mark Andlesen and Netflix Reed Hastings.