Mark Zuckerberg and other Meta bigwigs just agreed to a settlement in $8 billion suit

The CEO of Meta Mark Zuckerberg, along with a group of current and former companies managers and officials, agreed to stabilize to end a trial that requested $ 8 billion in damage, . Zuckerberg and others will actually pay the Meta shareholders as compensation for the damage that it claims to cause repeated violations of the privacy of Facebook users.

The parties did not reveal the details of the settlement, but one may assume that the payment was less than $ 8 billion, the prosecutors who originally requested. Judge Cataline McCromic has postponed the trial just as it was scheduled to enter her second day and a long time before forcing any of the main players to take the situation.

Today, the investment capitalist billionaire, Mark Anderson, the defendant in the trial and the director of Al -Fawiya, was scheduled to witness today. Zuckerberg and former operations director Sherrill Sandberg have been appointed to take the situation next week. It was also expected that former Board Member Peter Thill would witness.

The shareholders filed a lawsuit against Zuckerberg, Andresen, Sandberg and others to bear the responsibility of billions of dollars in fines and legal costs that forced the company to pay in recent years as part of the alleged privacy violations. For example, FTC fined Facebook $ 5 billion in 2019 with.

The shareholders in the company wanted the 11 defendants to use their personal wealth to pay the company. The claimants claimed that the defendant failed to oversee the compliance of the Federal Investigation Committee and that they were deliberately Facebook as an illegal process of collecting data. The defendants denied the allegations, and described them as “extremist claims”, before stability.

All this is due to, as the Political Consulting Company has reached the data of millions of Facebook users as part of the 2016 successful presidential presidential campaign. This led to the FTC fine, the largest of which was at that time. Cambridge Analytical Since then closed.

Many people had already taken the situation before the two parties reached a settlement. An expert witness to the prosecutors witnessed “gaps and weakness” in Facebook privacy policies.

This is just one case suspended against the company. There is an issue of combating a large monopoly that stimulates again, claiming that the company has participated in anti -competition practices by buying competitors for one once Instagram and WhatsApp. The trial ended, however.

Zuckerberg has been involved in the event that Meta was intentionally used. The company also pays $ 25 million to settle a lawsuit with Donald Trump for his Facebook comment in 2021, after Trump threatened Zuckerberg. The current president was temporarily suspended from the platform after inciting riots in the Capitol.