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Benzinga
Benzinga
Business
Ananya Gairola

Meta Shareholders Sue Mark Zuckerberg, Peter Thiel For $8 Billion Over Privacy Violations Linked To Cambridge Analytica Scandal

Mark Zuckerberg Meta Peter Thiel Cambridge Analytica Nasdaq Sheryl Sandberg Facebook Delaware FTC
Menlo,Park,,Usa,,May,5,,2023:,Meta,Corporation,Headquarters,Glass

On Wednesday, a trial began in Delaware, where Meta Platforms, Inc. (NASDAQ:META) shareholders are seeking $8 billion in damages from top executives, including Mark Zuckerberg, Peter Thiel and Sheryl Sandberg, over alleged failures to protect user data following the Cambridge Analytica scandal.

What Happened: At the trial's opening, privacy law expert Neil Richards testified, "Facebook's privacy disclosures were misleading," reported The Guardian.

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