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Meta Settles $8 Billion Lawsuit

Meta finally settled an 8-billion-dollar lawsuit that was filed by shareholders in 2018 for failing to follow a previous ...
The FTC has also asked Meta to respond to allegations that the company from late 2017 through mid-2019 misled parents about who their children can communicate with through the Messenger Kids app.
A class action suit brought by Meta shareholders that sought $8 billion from its current and former leaders has been settled. The suit was filed as recompense for the $5 billion in fines and added ...
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and ...
The Meta-FTC antitrust trial is ongoing, and there are sure to be more revelations as the case progresses. We'll continue covering this story as it develops.
The FTC aims to completely ban Meta from monetizing kids, saying it has "repeatedly violated" privacy rules and needs further instruction.
The potential prohibition comes as part of a swath of changes the FTC wants to make to the 2020 privacy order it has with Meta, the corporate parent of Facebook, Instagram and WhatsApp.Meta was ...
According to court documents, Meta's so hungry for this background on its competitors, it says it plans to subpoena more than 100 additional rivals, if needed, to overcome the FTC's claims. Meta ...
Meta will face off against the U.S. Federal Trade Commission on Monday in a high-stakes antitrust trial that could result in the company divesting Instagram and WhatsApp. Stream Los Angeles News ...
The stakes of the case against Meta are high. If U.S. District Judge James E. Boasberg sides with the FTC, the social media giant could be forced to divest itself of Instagram and WhatsApp, which ...
Meta pins hopes on SCOTUS decision. Meta filed its lawsuit two days after a US District Court ruling that went against the company. Judge Timothy Kelly denied Meta's motion to block the FTC ...
Meta, the parent company of Instagram and Facebook, has sued to try to stop the FTC from reopening a 2020 privacy settlement with the company.