Shares of Meta Platforms (NASDAQ: FB) slid Wednesday morning after it was reported late Tuesday that the company is paying $90 million to settle a data-privacy-related class-action lawsuit. For Meta, $90 million isn't exactly a lot of money -- its revenue in the fourth quarter alone was $33.7 billion. This particular class-action lawsuit, which is a decade old, alleged that Facebook continued to track its users online even after they had logged out of the social media platform. Read More...
Shares of Meta Platforms (NASDAQ: FB) slid Wednesday morning after it was reported late Tuesday that the company is paying $90 million to settle a data-privacy-related class-action lawsuit. For Meta, $90 million isn’t exactly a lot of money — its revenue in the fourth quarter alone was $33.7 billion. This particular class-action lawsuit, which is a decade old, alleged that Facebook continued to track its users online even after they had logged out of the social media platform.
