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Supreme Court to hear Facebook appeal tied to Cambridge Analytica breach

Posted on AllSides June 10th, 2024
From The Center

(CNN) — The Supreme Court agreed Monday to hear an appeal from Facebook that is tied to how the social media platform disclosed the Cambridge Analytica data breach to investors. Long after the breach became known to leadership, the suit alleges, Facebook continued to mention the possible harm from a major data breach in hypothetical terms. The court’s decision in the case, expected next year, could determine how much disclosure of damaging information on Securities and Exchange Commission forms is enough. In 2019, Facebook agreed to pay $5.1 billion in...

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