US - Mark Zuckerberg has agreed to settle a multibillion dollar lawsuit with a group of shareholders over how top executives at Meta handled repeated privacy violations by Facebook.
The shareholders were seeking $8bn (£6bn) in damages. It is unclear how much they agreed to settle for. The settlement was announced on Thursday by a lawyer for the shareholders, just before the trial was about to enter its second day in a Delaware court. Meta declined to comment on the settlement. The Meta shareholders had alleged that Mr Zuckerberg's actions led to the Cambridge Analytica scandal in which the data of millions of Facebook users was leaked and used by a political consulting firm. The shareholders had asked the judge to order the 11 defendants named in the case to reimburse Meta for more than $8bn in fines and legal costs, which they say Facebook has had to pay in order to resolve claims of users' privacy breaches. The lawsuit was filed after it was revealed that data from millions of Facebook users was accessed by Cambridge Analytica, a political consulting firm that worked for President Donald Trump's 2016 election campaign. (BBC)
