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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Facebook Securities

A federal judge in California dismissed a securities class action against Facebook accusing the company of misleading investors about its privacy policies, as evinced by the Cambridge Analytica scandal. The investors did not show that the allegedly false statements made by Facebook executives caused its stock price to fall.

SAN FRANCISCO — A federal judge in California dismissed a securities class action against Facebook accusing the company of misleading investors about its privacy policies, as evinced by the Cambridge Analytica scandal. The investors did not show that the allegedly false statements made by Facebook executives caused its stock price to fall.

Categories / Business, Securities

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