Facebook paid billions extra to the FTC to spare Zuckerberg in data suit, shareholders allege

“The Board has never provided a serious check on Zuckerberg’s unfettered authority,” one set of shareholders said. | Chip Somodevilla/Getty ImagesFacebook conditioned its $5 billion payment to the Federal Trade Commission to resolve the Cambridge Analytica dataindividually, shareholders allege in a lawsuit.

“Zuckerberg, Sandberg, and other Facebook directors agreed to authorize a multi-billion settlement with the FTC as an express quid pro quo to protect Zuckerberg from being named in the FTC’s complaint, made subject to personal liability, or even required to sit for a deposition,”The FTC has never disclosed that it originally planned to name Zuckerberg personally in the lawsuit, and the agency's two Democrats at the time voted against the settlement in part because of the lack of personal...

They also alleged that Zuckerberg and Sandberg both declined to be interviewed by PricewaterhouseCoopers, the firm hired to audit Facebook’s privacy compliance as part of a 2012 settlement with the FTC, allowed other managers to provide untrue statements about the company’s practices and never provided the board with copies of PwC’s audits.

The lifestyle of the rich and powerful.

isn't this or shouldn't this be... illegal?

shareholders have a claim on that $$

Rise voice against the free mason Rockefeller grandson MarkZuckerbeg to remove him from FB CEO.

Poulin2012 these crooks always get by and this sect is there to ensure the funds to make these criminals escape prison and all penalties

Lmao. So, instead of paying tax and other such, they paid fines and penalties just to avoid such legal violations? Man, imagine if they did the right thing from the get go.

And the show goes on …

They are so UnAmerican!

Poulin2012 Oups ! Moi si je n’ai pas accès à la traduction… ça ne me va pas! Je préfère l’espagnol, voire le chinois…

I guess the rich are in fact above the law… 🙄 this is complete BS…

The rich live in a totally different universe than us.

You can truly get away with anything in America with enough money - anything

Facebook and Twitter are censorship

FB fact checkers didn’t like my politics, so they deleted my account allegedly over political memes that were posted for MY EYES ONLY to my page, which they said were against their rules, and I call BULLSH*T! I hope Congress breaks it up altogether, get rid of it!

There's a word for that ...

Draw some eyebrows on this scary weasel so we can tell when he furrows them.

I’m sorry but FB is more out of control than any other platform.

Seems like they should be deposed.

Guilty.

Let's just do both. Give more money and you're personally liable.

Now who says that justice is not equal for all under the law.

DeleteFacebook

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