Meta Directors, Shareholders Settle Privacy Suit
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Behind-the-scenes details of an agreement between Facebook and US privacy regulators in 2019 emerged in a Delaware court Wednesday, during a trial on investor claims the settlement cost them at least $7 billion.
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.
Famed investor Marc Andreessen is scheduled to take the stand on Thursday to defend his role on the Facebook board of directors when it was hit with a $5 billion fine in 2019 for alleged violations of an agreement with a U.