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Mark Zuckerberg and other Meta bigwigs just agreed to a settlement in $8 billion suit
Meta CEO Mark Zuckerberg and other investors have reached a settlement with company shareholders. This ends a claim seeking $8 billion for privacy violations.
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. Shareholders sued Zuckerberg, Andreessen, Sandberg and others to hold them liable for the billions of dollars in fines and legal costs the company has been forced to pay out in recent years as part of alleged privacy violations. This all goes back to the infamous Cambridge Analytica bombshell, in which the political consulting firm accessed data from millions of Facebook users as part of Donald Trump's successful 2016 presidential campaign.
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