Facebook-Cambridge Analytica data breach lawsuit ends in 11th hour settlement


Guardian reports: Meta’s Facebook has dramatically agreed to settle a lawsuit seeking damages for allowing Cambridge Analytica access to the private data of tens of millions of users, four years after the Observer exposed the scandal that mired the tech giant in repeated controversy.

A court filing reveals that Meta, Facebook’s parent company, has in principle settled for an undisclosed sum a long-running lawsuit that claimed Facebook illegally shared user data with the UK analysis firm.

It follows revelations of mass data misuse made by a Cambridge Analytica whistleblower to the Observer in 2018, an exposé that forced chief executive Mark Zuckerberg to testify before Congress and led to the social media firm receiving a multi-billion-pound fine.

Days after the story was published, Facebook’s share price fell by the equivalent of more than $100 billion.

Read more: https://www.theguardian.com/technology/2022/aug/27/facebook-cambridge-analytica-data-breach-lawsuit-ends-in-11th-hour-settlement

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