Facebook massive class-action privacy suit moves to discovery
U.S. District Judge Vince Chhabria moved to discovery a class-action damages suit against Facebook by users claiming their privacy was mined through “friends.”
as shareholders arrived in Menlo Park for the May 30 shareholder meeting, “Fire Zuckerberg” was projected on a nearby wall of the Hotel Nia and a plane overhead was pulling a banner demanding: “Break up Facebook, Save Silicon Valley.”
Facebook’s stock was not impacted when the company announced it expects the FTC to issue fines of up to $5 billion and get the company to agree to enhanced compliance for violating the 2011 settlement over its privacy practices.
But allowing plaintiff discovery that unveils how Facebook’s top-secret algorithm trolls user data and the extent that the company mines and monetizes its ecosphere, may significantly diminish Facebook’s reputational value and curb its future earnings growth. https://www.american...discovery_.html