Facebook shareholders sued Meta leadership in 2018, alleging the company knowingly harvested user data.
Meta CEO Mark Zuckerberg and other executives reached a settlement with a group of the company’s shareholders Thursday, ending a long-running, potentially blockbuster $8 billion trial over allegations Facebook knowingly harvested user data.
Shareholders requested $8 billion in damages, and the trial was expected to feature testimony from Zuckerberg, Sandberg and billionaires Peter Thiel, Marc Andreessen and Netflix CEO Reed Hastings, all of whom served on Facebook’s board.Who Were The Defendants In Meta’s Privacy Trial? Zuckerberg, Sandberg and Konstantinos Papamiltiadis, Facebook’s former vice president of partnerships, were among those named as defendants. Shareholders also named Andreessen, Thiel, Hastings and other Facebook board members, including former Bill & Melinda Gates Foundation CEO Susan Desmond-Hellman, eBay CFO Peggy Alford and former American Express CEO Kenneth Chenault.
Meta Mark Zuckerberg Peter Thiel Marc Andreessen Sheryl Sandberg
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