Cambridge Analytica

Meta Platforms Inc. (NASDAQ:META) is set to face a multibillion-dollar lawsuit following the dismissal of its appeal by the U.S. Supreme Court over the Cambridge Analytica data scandal. What Happened: The Supreme Court, which heard arguments on Meta's appeal on Nov. 6, gave no explanation for the...

On Monday, major U.S. indices closed positively, with the Dow Jones Industrial Average rising by 0.2% to 38,868.04. The S&P 500 increased by 0.3% to 5,360.79, and the Nasdaq climbed by 0.35% to finish at 17,192.53. Apple Inc. (NASDAQ:AAPL) Apple’s stock dipped by 1.91% to close at $193.12...

The U.S. Supreme Court will reportedly consider spiking a multibillion-dollar lawsuit against Meta Platforms (NASDAQ:META) that accuses the Mark Zuckerberg-led company of duping investors on the data-harvesting scandal involving British political consultancy Cambridge Analytica. Justices said...

Users who held an active U.S. Facebook account between May 24, 2007 and Dec. 22, 2022, have until Aug. 25 to submit their claims for a portion of the $7250-million settlement concerning the Cambridge Analytica data scandal involving Meta Platforms Inc. (NASDAQ: META). What Happened: With less than...

A Delaware judge has allowed investors to proceed with their allegations of lax privacy oversight against Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg and former directors of the company. What Happened: Months after Meta agreed to pay $725 million to settle investors’ claims in...

Meta Platforms Inc (NASDAQ: META) CEO Mark Zuckerberg and former COO Sheryl Sandberg won't be deposed over the Facebook and Cambridge Analytica data privacy case.  According to a report, Facebook has reached a settlement with the plaintiffs over the lawsuit.  A...

The office of Australian Information Commissioner Angelene Falk has sued Facebook Inc. (NASDAQ: FB) for an alleged data breach of citizens in the Cambridge Analytica scandal. What Happened The lawsuit filed in the Federal Court of Australia alleges that the social media company violated the country...

Facebook Inc. (NASDAQ: FB) was a pleasant surprise to analysts with third quarter ad revenue growth up 31% year over year to beat Street estimates by nearly 2%, with operating income about 13% above the consensus forecast. Both daily and monthly active users of the platform continued to increase,...

U.S. social media behemoth Facebook, Inc. (NASDAQ: FB) has agreed to pay a $646,000 fine over the Cambridge Analytica scandal to the UK Information Commissioner’s Office (ICO), the Guardian reported. What Happened The ICO launched an investigation against Facebook and the now defunct London-...

The Federal Trade Commission has agreed to settle with Facebook Inc (NASDAQ: FB) over privacy allegations for about $5 billion, according to a Dow Jones report. The news agency cited an unnamed source in reporting that a majority of FTC commissioners have agreed on the settlement. The settlement...

Internal company emails being examined in connection with a Federal Trade Commission investigation into privacy practices at Facebook Inc. (NASDAQ: FB) may show CEO Mark Zuckerberg knew of questionable privacy practices, according to a Wednesday report from The Wall Street Journal. Shares of...

The S&P 500 ESG Index (SPXESUP) is newly minted equity benchmark that brings environmental, social and governance (ESG) criteria to the widely followed S&P 500. S&P Dow Jones launched the index earlier this year and its approach to ESG investing is traditional in that it excludes...

Social media giant Facebook, Inc. (NASDAQ: FB) had a rough 2018, with the Cambridge Analytica scandal dominating headlines in the first half of the year and now reports that management allowed outside companies access to read users' messages. What Happened Facebook's multiple privacy-...

Heading into Facebook, Inc. (NASDAQ: FB)'s second-quarter earnings report Wednesday, the market had "emphatically voted" that prior privacy scandals had passed, according to Exponential ETFs' Josh Blechman. The Pros Blechman, director of capital markets at Exponential...

Facebook, Inc. (NASDAQ: FB) announced Tuesday it plans to build a "clear history" feature for its social media platform.  What Happened It's clear that Facebook users want more information about how the app works and how their information is controlled, Erin Egan, the company...