Facebook Plans to Settle Video Metrics Lawsuit for $40 Million

Facebook Plans to Settle Video Metrics Lawsuit for $40 Million

5 years ago
Anonymous $JavybBYWR5

https://wccftech.com/facebook-plans-to-settle-video-metrics-lawsuit-for-40-million/

Facebook (NASDAQ:FB) has agreed to settle a lawsuit brought forward by a group of advertising agencies that claimed Facebook inflated metrics about video engagement time.

The lawsuit was settled for $40 million, with Facebook acknowledging a miscalculation in metrics but claiming no wrongdoing. Facebook says that because of this miscalculation some metrics were inflated by 60%-80%, but not 150% to 900%.

Facebook Plans to Settle Video Metrics Lawsuit for $40 Million

Oct 8, 2019, 8:22am UTC
https://wccftech.com/facebook-plans-to-settle-video-metrics-lawsuit-for-40-million/ > Facebook (NASDAQ:FB) has agreed to settle a lawsuit brought forward by a group of advertising agencies that claimed Facebook inflated metrics about video engagement time. > The lawsuit was settled for $40 million, with Facebook acknowledging a miscalculation in metrics but claiming no wrongdoing. Facebook says that because of this miscalculation some metrics were inflated by 60%-80%, but not 150% to 900%.