Ohio retirement fund sues Facebook over investment loss
3 years, 1 month ago

Ohio retirement fund sues Facebook over investment loss

Associated Press  

COLUMBUS, Ohio — Ohio’s largest public employee pension fund has sued Facebook — now known as Meta — alleging that it broke federal securities law by purposely misleading the public about the negative effects of its social platforms and the algorithms that run them. The lawsuit by the Ohio Public Employees Retirement System specifically claims that Facebook buried inconvenient findings about how the company has managed those algorithms as well as the steps it said it was taking to protect the public. The Associated Press and a coalition of other news organizations have reported extensively on Facebook’s actions, internal dissents that warned of these problems and related issues around the world based on internal company documents, now known as the Facebook Papers, leaked by the data scientist and former Facebook employee Frances Haugen. “We are not people to Mark Zuckerberg, we are the product and we are being used against each other out of greed.” The lawsuit, filed last week in federal court in California, says market losses resulting from publicity over Facebook’s actions caused investors — including OPERS — to lose more than $100 billion.

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History of this topic

Facebook let Netflix see user DMs, was planning to start own streaming service, claims lawsuit
8 months, 3 weeks ago

Facebook let Netflix see user DMs, was planning to start own streaming service, claims lawsuit

Firstpost  

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Facebook must face $3.8 bln UK mass action over market dominance, tribunal rules
10 months, 1 week ago

Facebook must face $3.8 bln UK mass action over market dominance, tribunal rules

The Hindu  

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California sues Facebook parent Meta over alleged harm to young people
1 year, 2 months ago

California sues Facebook parent Meta over alleged harm to young people

LA Times  

California and 32 other states on Tuesday sued Facebook parent company Meta over allegations that it “designed and deployed harmful features” on the main social network and its platform Instagram despite knowing about the mental health risks to young people. “In seeking to bolster profits, Meta has repeatedly misled the public about the substantial dangers of its products.” The 233-page …

Are You A Facebook User? You Could Get Some Settlement Cash
1 year, 8 months ago

Are You A Facebook User? You Could Get Some Settlement Cash

Huff Post  

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$3.7 billion UK mass action against Facebook over market dominance rejected for now
1 year, 10 months ago

$3.7 billion UK mass action against Facebook over market dominance rejected for now

The Hindu  

Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds over allegations the social media giant abused its dominant position to monetise users' personal data. Legal academic Liza Lovdahl Gormsen, who is bringing the case, says Facebook users were not properly compensated for the value of personal data they had to provide to use …

Facebook seeks to block $3.7 billion UK mass action over market dominance
1 year, 10 months ago

Facebook seeks to block $3.7 billion UK mass action over market dominance

The Hindu  

Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds over allegations that the social media giant abused its dominant position to monetise users’ personal data. Lovdahl Gormsen’s lawyers on Monday asked the Competition Appeal Tribunal to certify the case under the UK’s collective proceedings regime – which is roughly equivalent …

Facebook owner Meta to pay biggest ever fine of its kind over data privacy
2 years ago

Facebook owner Meta to pay biggest ever fine of its kind over data privacy

The Independent  

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Facebook parent Meta to settle Cambridge Analytica scandal case for $725 million
2 years ago

Facebook parent Meta to settle Cambridge Analytica scandal case for $725 million

Live Mint  

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Facebook parent Meta to pay $725 million to settle lawsuit relating to Cambridge Analytica
2 years ago

Facebook parent Meta to pay $725 million to settle lawsuit relating to Cambridge Analytica

Hindustan Times  

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Facebook parent settles suit in Cambridge Analytica scandal
2 years, 3 months ago

Facebook parent settles suit in Cambridge Analytica scandal

Associated Press  

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U.S. Chamber sides with Facebook in antitrust appeal
2 years, 8 months ago

U.S. Chamber sides with Facebook in antitrust appeal

The Hindu  

The powerful U.S. Chamber of Commerce filed a brief on Monday, urging a D.C. appeals court to reject an appeal by a big group of U.S. states to revive their antitrust lawsuit against Meta Platform's Facebook. The Chamber, along with the Computer and Communications Industry Association and Business Roundtable, argued that the district court judge hearing the case was right …

Facebook parent Meta settles decade-old data-privacy lawsuit
2 years, 10 months ago

Facebook parent Meta settles decade-old data-privacy lawsuit

The Hindu  

Facebook parent Meta Platforms Inc. has settled a decade-old class action lawsuit over the company's use of “cookies” in 2010 and 2011 that tracked people online even after they logged off the Facebook platform. “Reaching a settlement in this case, which is more than a decade old, is in the best interest of our community and our shareholders and we're …

Lawsuit: Google, Facebook CEOs colluded in online ad sales
2 years, 11 months ago

Lawsuit: Google, Facebook CEOs colluded in online ad sales

The Hindu  

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales. According to the lawsuit, Facebook's chief operating officer, Sheryl Sandberg, was “explicit that ‘this is a big deal strategically’" in a 2018 email thread about the deal that included Facebook's CEO. In a statement, Google spokesperson …

Lawsuit: Google, Facebook CEOs colluded in online ad sales
2 years, 11 months ago

Lawsuit: Google, Facebook CEOs colluded in online ad sales

Associated Press  

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US judge dismisses Facebook’s request to throw out monopoly case
2 years, 11 months ago

US judge dismisses Facebook’s request to throw out monopoly case

Al Jazeera  

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3 years, 1 month ago

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Associated Press  

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The AP Interview: Facebook whistleblower fears the metaverse
3 years, 1 month ago

The AP Interview: Facebook whistleblower fears the metaverse

Associated Press  

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Facebook whistleblower Frances Haugen slams 'Meta' rebrand
3 years, 1 month ago

Facebook whistleblower Frances Haugen slams 'Meta' rebrand

The Hindu  

Former Facebook employee turned whistleblower Frances Haugen on November 1 slammed Facebook's rebrand as she reiterated her accusation that the company prioritized expansion over people's safety. Haugen had leaked internal documents that sparked weeks of criticism of the social media giant before CEO Mark Zuckerberg announced changing the name of Facebook's parent company to "Meta." Asked if Zuckerberg should step …

Facebook changes name to Meta to highlight virtual reality shift
3 years, 1 month ago

Facebook changes name to Meta to highlight virtual reality shift

Al Jazeera  

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‘Facebook prioritising profit over safety’
3 years, 2 months ago

‘Facebook prioritising profit over safety’

The Hindu  

The whistleblower who shared a trove of Facebook documents alleging the social media giant knew its products were fuelling hate and harming children’s mental health revealed her identity on Sunday in a televised interview, and accused the company of choosing “profit over safety”. Frances Haugen, a 37-year-old data scientist, has worked for companies including Google and Pinterest — but said …

Whistleblower: Facebook chose profit over public safety
3 years, 2 months ago

Whistleblower: Facebook chose profit over public safety

Associated Press  

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Whistleblower says Facebook put profit before reining in hate speech
3 years, 2 months ago

Whistleblower says Facebook put profit before reining in hate speech

Live Mint  

A Facebook Inc whistleblower on Sunday accused the social media giant of repeatedly prioritizing profit over clamping down on hate speech and misinformation, and said her lawyers have filed at least eight complaints with the U.S. Securities and Exchange Commission. Frances Haugen, who worked as a product manager on the civic misinformation team at Facebook, appeared on Sunday on the …

Federal Trade Commission Refiles Suit Accusing Facebook Of Illegal Monopoly
3 years, 4 months ago

Federal Trade Commission Refiles Suit Accusing Facebook Of Illegal Monopoly

NPR  

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Judge dismisses gov’t antitrust lawsuits against Facebook
3 years, 5 months ago

Judge dismisses gov’t antitrust lawsuits against Facebook

Associated Press  

WASHINGTON — A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. New York Attorney General Letitia James said when filing the suit that Facebook “used its monopoly power to crush smaller rivals and …

US government, states ask judge to deny Facebook's request to dismiss lawsuits
3 years, 8 months ago

US government, states ask judge to deny Facebook's request to dismiss lawsuits

India Today  

The Federal Trade Commission and a big group of US states asked a federal court on Wednesday to deny Facebook Inc's request to dismiss major antitrust lawsuits filed against the social media giant in December. Facebook had asked the court to dismiss the two lawsuits, alleging that they were brought "in the fraught environment of relentless criticism of Facebook for …

Australia sues Facebook over user data, echoing U.S. antitrust case
4 years ago

Australia sues Facebook over user data, echoing U.S. antitrust case

The Hindu  

An Australian regulator sued Facebook Inc on Wednesday accusing it of collecting user data without permission, building on government efforts around the world to rein in the social network. The lawsuit echoes a landmark U.S. Federal Trade Commission action accusing the social media giant of inappropriately maintaining market dominance by using customer data to decide on takeover targets including messaging …

Facebook faces antitrust lawsuit from federal government and states : Planet Money : NPR
4 years ago

Facebook faces antitrust lawsuit from federal government and states : Planet Money : NPR

NPR  

The Case Against Facebook Enlarge this image toggle caption Pool/Getty Images Pool/Getty Images Last week, the federal government and attorneys general from 46 states filed one of the biggest antitrust cases in American history. The government argues that Facebook's acquisitions of Instagram and WhatsApp were illegal, and that Facebook should be forced to sell the companies off. Today on the …

Breaking up: The Hindu Editorial on lawsuits against Facebook
4 years ago

Breaking up: The Hindu Editorial on lawsuits against Facebook

The Hindu  

The lawsuits against Facebook by the Federal Trade Commission and the attorneys general of 46 U.S. States, the District of Columbia and the territory of Guam are a significant challenge to the dominant Internet empire that Mark Zuckerberg has built in such a short time. The lawsuits highlight Facebook’s acquisition of Instagram and WhatsApp, which happened when Mr. Zuckerberg saw …

The Hindu Explains | Why are the the recent accusations against Facebook significant, and what do they entail?
4 years ago

The Hindu Explains | Why are the the recent accusations against Facebook significant, and what do they entail?

The Hindu  

The story so far: On December 9, social networking giant Facebook was sued by the Federal Trade Commission, the U.S. agency which seeks to protect consumers and promote competition, as well as by the attorneys general of 46 States, the territory of Guam and the district of Columbia. The plaintiffs — the FTC and attorneys general of all U.S. States …

US antitrust siege of tech widens with lawsuits vs Facebook
4 years ago

US antitrust siege of tech widens with lawsuits vs Facebook

Associated Press  

WASHINGTON — The giant tech companies whose services are woven into the fabric of social life are now the targets of a widening assault by government competition enforcers. The Federal Trade Commission and 48 states and districts sued the social network giant, accusing it of abusing its market power to squash smaller competitors and seeking remedies that could include a …

The legal battle to break up Facebook is underway. Now comes the hard part
4 years ago

The legal battle to break up Facebook is underway. Now comes the hard part

CNN  

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AGs' Lawsuit Accuses Facebook Of Gobbling Up Competitive Threats
4 years ago

AGs' Lawsuit Accuses Facebook Of Gobbling Up Competitive Threats

NPR  

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48 AGs, FTC Sue Facebook, Alleging Illegal Power Grabs To 'Neutralize' Rivals
4 years ago

48 AGs, FTC Sue Facebook, Alleging Illegal Power Grabs To 'Neutralize' Rivals

NPR  

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Editorial: Facebook is too big. Breaking it up is just part of the solution
4 years ago

Editorial: Facebook is too big. Breaking it up is just part of the solution

LA Times  

The Federal Trade Commission and the attorneys general of 46 states filed lawsuits Wednesday seeking what amounted to a do-over on Facebook — the chance to reject two acquisitions that helped make the social network the behemoth it is today. Among other noxious pursuits, the social network has been used to incite violence, spread disinformation, vacuum up personal information, manipulate …

Facebook antitrust lawsuit: Dozens of states and the FTC sue company for alleged anticompetitive behavior
4 years ago

Facebook antitrust lawsuit: Dozens of states and the FTC sue company for alleged anticompetitive behavior

CNN  

CNN Business — Dozens of states and the federal government sued Facebook on Wednesday in twin antitrust lawsuits, alleging that the social media giant has abused its dominance in the digital marketplace and engaged in anticompetitive behavior. Wednesday’s legal action makes Facebook the second global tech company to be taken to court by US and state government officials this year …

U.S. sues Facebook for favouring immigrants
4 years ago

U.S. sues Facebook for favouring immigrants

The Hindu  

The Trump administration on Thursday sued Facebook, accusing it of discriminating against American workers by favoring immigrant applicants for thousands of high-paying jobs. The Department of Justice’s lawsuit opens a new front in the administration’s push against tech companies — and in its clampdown on immigration — as President Donald Trump enters his final weeks in office. “Facebook engaged in …

Facebook may face antitrust charges from the US
4 years, 2 months ago

Facebook may face antitrust charges from the US

India Today  

The social media giant Facebook may face antitrust charges from the US as early in November, 2020. On the other hand, the state attorneys general under the leadership of New York’s Letitia James have been scrutinizing Facebook for potential threats to competition. Although Facebook's Mark Zuckerberg in August said that he was interviewed at an FTC investigative hearing as part …

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