AssetID: 54925828
Headline: UNCAPTIONED: Zuckerberg Settles Shareholder Lawsuit Over Facebook Privacy Scandals
Caption: Zuckerberg Settles Shareholder Lawsuit Over Facebook Privacy Scandals. Mark Zuckerberg has agreed to settle a multibillion-dollar lawsuit brought by Meta shareholders over, how company leaders handled Facebook's repeated privacy violations—most notably, the Cambridge Analytica scandal. Shareholders had sought $8 billion in damages, accusing top executives and board members of allowing widespread data misuse and racking up billions in legal fees and fines, including a $5 billion penalty from the Federal Trade Commission. The settlement was announced just before the trial's second day in a Delaware court. The exact terms have not been disclosed, and Meta declined to comment. The deal lets Zuckerberg and other high-profile defendants—including Peter Thiel, Reed Hastings, and ex-COO Sheryl Sandberg—avoid testifying under oath. Critics say the public won't get a full accounting of how Facebook's privacy failures occurred. Meta, which wasn't a direct party to the suit, says it has since invested billions in strengthening user privacy. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Mark Zuckerberg,Meta,Facebook,privacy scandal,shareholder lawsuit,Cambridge Analytica,\$8 billion damages,Federal Trade Commission,\$5 billion fine,Delaware court,Peter Thiel,Reed Hastings,Sheryl Sandberg,data misuse,legal settlement,privacy violations,trial avoidance,user privacy,social media accountability,tech lawsuit,Meta executives
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