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Facebook Plans to Settle Video Metrics Lawsuit for $40 Million
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%.