Meta leaders settle $8 billion lawsuit
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In a major pushback, Meta investors filed a lawsuit against CEO Mark Zuckerberg, board member Marc Andreessen, former COO Sheryl Sandberg, and several others, aiming to hold 11 top figures personally accountable for more than $8 billion in fines and legal expenses linked to Facebook’s ongoing privacy controversies.
Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.