Facebook Shareholder Files Class Action Suit Over Cambridge Analytica Scandal Fallout

Gizmodo --------- Facebook’s share value has been in a tailspin as the depths of its irresponsible data handling has become known to the world. Salting that wound is a class-action lawsuit, filed today in California’s Northern district, on behalf of the social media giant’s shareholders. Fan Yuan, the shareholder who filed the suit, accuses Facebook of making “materially false and/or misleading” claims about the company’s handling of user data—meaning the instances where Facebook or Zuckerberg himself addressed privacy and security issues and failed to disclose the ongoing Cambridge Analytica fiasco. To learn more click on the picture below to read the article.