-12.2 C
Ottawa
Tuesday, January 27, 2026

Zuckerberg, Former Meta Leaders Face $8 Billion Trial Over Facebook Privacy Practices

Date:

Zuckerberg, Former Meta Leaders Face $8 Billion Trial Over Facebook Privacy Practices

Meta founder and CEO Mark Zuckerberg arrives to testify before the Senate Judiciary Committee in Washington, on Jan. 31, 2024. Madalina Vasiliu/The Epoch Times

Meta Platforms CEO Mark Zuckerberg and other high-ranking current and former executives of the company are on trial as they face accusations from shareholders of failing to safeguard user data properly.

On July 16, a non-jury trial concerning Facebook and its privacy practices began before Chief Judge Kathaleen McCormick in Delaware’s Court of Chancery. The founder of the popular social media site and other executives face allegations that they did not properly safeguard Facebook user data, leading to a record fine of $5 billion levied by the Federal Trade Commission (FTC), and billions more in related costs.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Retirement-Planning Dos and Donts If Youre in Your 50s

William Potter/ShutterstockIf you’re in your 50s, you’re probably looking...

Boeing Tops Wall Street Estimates as Aerospace Giants Turnaround Progresses

Boeing delivered 600 airplanes last year—almost twice as many...

Your Moneys Losing ValueBut Your Retirement Doesnt Have To

Sutthiphong Chandaeng/ShutterstockAlthough inflation is quiet, it’s relentless. Over time,...

How Major US Stock Indexes Fared Jan. 27

Wall Street ticked to a record as stocks zigzagged...