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Investors File Suit Against Meta, Alleging Facebook Exploited Users to Turn a Profit

Investors File Suit Against Meta, Alleging Facebook Exploited Users to Turn a Profit

3 years ago
Anonymous $FNmJglWnLu

http://www.newsweek.com/investors-file-suit-against-meta-alleging-facebook-exploited-users-turn-profit-1648927

A group of investors filed a class-action lawsuit Friday against Facebook's parent company, Meta Platforms, alleging the corporation did not disclose a number of content-based problems related to the social media platform.

The suit, filed on behalf of investors who bought shares of Facebook stocks earlier this year, argued that Facebook's moderators engaged in an "egregious breach of public trust" by exploiting its users to increase profits.