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Washington Attorney General Indicts Meta's Mark Zuckerberg For Alleged Role In Cambridge Analytica Scandal

Stock Markets May 24, 2022 15:11
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Washington Attorney General Indicts Meta's Mark Zuckerberg For Alleged Role In Cambridge Analytica Scandal

  • The attorney general for Washington, D.C., charged Meta Platforms Inc (NASDAQ: FB) Facebook (NASDAQ:FB) founder Mark Zuckerberg for allegedly participating in decision-making that led to the Cambridge Analytica data breach, the Wall Street Journal reports.
  • The evidence shows Zuckerberg was personally involved in Facebook’s failure to protect the privacy and data of its users leading directly to the Cambridge Analytica incident, Karl Racine said.
  • Racine’s office reiterated its charge that Zuckerberg personally contributed to Facebook’s lax oversight of user data.
  • Also Read: Facebook Overpaid FTC In Cambridge Analytica Settlement To Ensure Zuckerberg Personally Gets Off The Hook, Allege Shareholders
  • Facebook allegedly allowed third parties such as now-defunct political consulting firm Cambridge Analytica to obtain personal data from 87 million Americans.
  • The suit echoes charges leveled in 2021 when it sought to name Zuckerberg as a defendant in a lawsuit it filed in 2018 against Facebook.
  • A Washington, D.C., judge previously ruled that the AG’s office had waited too long to sue Zuckerberg personally as part of its case against Facebook.
  • The judge suggested that D.C. officials might be seeking to put pressure on Zuckerberg following failed settlement negotiations.
  • Price Action: FB shares traded lower by 7.71% at $181.10 in the premarket on the last check Tuesday.
  • Photo by JD Lasica via Wikimedia
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Washington Attorney General Indicts Meta's Mark Zuckerberg For Alleged Role In Cambridge Analytica Scandal
 

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