this post was submitted on 16 Jul 2025
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Meta has been accused of harvesting user data without consent in a multi-billion-dollar lawsuit by company shareholders against chief executive Mark Zuckerberg.

The case dates back to a 2018 scandal, which saw the data of millions of Facebook users accessed by a now-defunct political consulting firm.

The firm, Cambridge Analytica, worked for Donald Trump's 2016 presidential campaign.

Now, Meta shareholders are suing Mr Zuckerberg and several current and former company executives, claiming they violated a 2012 agreement to protect user data.

They want Mr Zuckerberg and his co-defendants to reimburse the company for more than $US8 billion ($12.2 billion) in fines and other costs Meta paid following the controversy.

Mr Zuckerberg has dismissed the allegations in court filings as "extreme claims".

Jeannie Paterson, who specialises in consumer protection and AI regulation, said the lawsuit was "unusual".

"This is an action by some minority shareholders against the company they hold shares on, and they're saying that the bad behaviour of the company … would have caused them loss, for which they should be compensated for by the directors," Professor Paterson, from the University of Melbourne, said.

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[–] QuantumTickle@lemmy.zip 14 points 1 day ago (1 children)

The shareholders are suing? Awesome! The consequences are coming from inside the house! Love to see it!

[–] FarraigePlaisteach@lemmy.world 3 points 1 day ago (1 children)

That did stand out to me, although I don’t know enough about these things to say how significant it is.

[–] Mikina@programming.dev 2 points 11 hours ago (1 children)

I'm not sure how to feel about this.

On one hand, it's consequences for CEO, and he does deserve that.

On the other hand, it's people who are deliberately investing into Meta, knowing full well how does it operate and what it does, who are now mad at Meta leadership that Meta got caught, and they lost money due to fines Meta paid, so they are suing the leadership to get their money back. And that is really scummy.

I think I want them to loose and get fucked, I hate shareholders even more than CEOs, because it's the shareholders who decide who is going to be a CEO, and who the CEO answers to. They are the people who are behind mass layoffs, and any other enshittification, because they don't care about the product, only that the lines goes up, and ruin good companies. So, they can go get fucked, and I really hope they loose.

[–] FarraigePlaisteach@lemmy.world 1 points 11 hours ago

Those are very good points!