Meta Platforms Inc. News

Meta Must Face Investor Suit After Supreme Court Drops Case

The U.S. Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a multibillion-dollar lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica. Investors claim the company, then …

Meta Fined $841M by EU Over Abusing Classified Ads Dominance

Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the U.S. tech giant’s first ever penalty for E.U. antitrust violations. In a groundbreaking …

Meta Must Face Trial After Judge Pares Some FTC Claims

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the U.S. Federal Trade Commission, but the heart of the case remains. In a …

Meta Loses Bid to Appeal UK Class Action Over Data, Could be Liable for up to $3.2B

Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused its dominant position and exploited its users personal data. The UK’s Court of Appeal refused to permit Meta and Facebook’s …

Meta, Google, TikTok Must Face Schools’ Addiction Claims

Meta Platforms Inc., Google, TikTok and Snap will have to face lawsuits brought by school districts in federal court blaming their “addictive” apps for contributing to a mental health crisis among students. The ruling Thursday by US District Judge Yvonne …

Meta Loses Second Bid to Thwart FTC’s Revisions to Privacy Pact

Meta Platforms Inc.’s lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph Moss in …

Meta Sues Former Employee Over Alleged Stolen Documents

Meta Platforms Inc. sued one of its former vice presidents for what it called a “stunning” betrayal in his defection to a “stealth” AI cloud computing startup. Dipinder Singh Khurana, also known as T.S. Khurana, had worked at Meta for …

Zuckerberg Turned Down 2021 Request for More Child-Safety Staff

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg rejected requests from his top leadership in 2021 to expand teams overseeing child safety and well-being, according to documents and emails released by Congress. A proposal to add headcount for well-being efforts …

Facebook Job Ads Illegally Discriminate, Female Truckers Say

Meta Platforms Inc. “routinely discriminates” in steering job ads to specific age and gender groups on its Facebook platform, a women’s truckers organization alleged in a civil rights complaint. “Facebook’s algorithm regularly acts like recruiters in the 1960s (and even …

Game Company Roblox Enabled Girl’s Sexual Exploitation, Lawsuit Claims

A lawsuit filed in San Francisco on Tuesday accuses online gaming firm Roblox Corp RBLX.N of enabling a California girl’s sexual and financial exploitation by adult men. The lawsuit, filed in San Francisco Superior Court, also targets online chat company …