Supreme Court Allows Class Action Against Meta Over Privacy Issues
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U.S. Supreme Court allows class action lawsuit against Meta over Cambridge Analytica scandal. The Supreme Court’s recent decision permits a multibillion-dollar class action lawsuit to proceed against Meta, stemming from privacy violations linked to the Cambridge Analytica scandal. Investors allege that Meta’s failure to adequately disclose the misuse of user data led to significant financial losses when the extent of the violations became public, resulting in a drop in stock prices. Meta, which operates Facebook and Instagram, has expressed disappointment in the ruling and plans to continue its defense in the District Court. This lawsuit follows a previous $5 billion settlement with the Federal Trade Commission in 2019 regarding the same privacy issues.