A settlement was announced Thursday in court in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and current and former company leaders over claims stemming from the privacy scandal...

Mark Zuckerberg and Meta have agreed to settle a multibillion dollar lawsuit with shareholders over how the top executives handled repeated privacy violations by Facebook, US media report.

The FTC fined Facebook $5 billion in 2019 for failing to comply with a 2012 agreement requiring the company to protect users’ personal data.

Meta Platforms (META.O) is racing to secure top artificial intelligence talent for its newly created Superintelligence Labs to better compete with rivals including OpenAI, Google and Anthropic.

The suit was filed by Meta's investors and shareholders seeking up to $8B in damages, including fines of $5B by the Federal Trade Commission, after finding that the defunct political consulting firm a...