Meta Ordered to Pay $725 Million Settlement

Meta Ordered to Pay $725 Million Settlement

Source: Reuters

Summary

A jury has ordered Meta Platforms Inc. to pay $725 million to settle a lawsuit accusing the company of violating users’ privacy and allowing third-party apps to harvest their data. The lawsuit was filed on behalf of Facebook users in the United States who had their data collected by third-party apps. Meta has denied any wrongdoing.


Our Reading

The launch follows a familiar script.

Meta gets sued, Meta settles, Meta says it’s committed to user privacy. The verdict is the first of its kind against Meta over harm to young people. Because what’s a few hundred million dollars when you’re making billions? The real question is, will anything actually change?