Meta Sued For Misstatements About Efforts To Mitigate Apple Data Privacy Changes

(March 10, 2022, 1:48 PM EST) -- OAKLAND, Calif. — Meta Platforms Inc., formerly known at Facebook Inc., and several of its senior executives were hit with a shareholder class action lawsuit on March 8 in California federal court, alleging that the defendants failed to disclose that mitigation efforts the company implemented to counteract data privacy changes Apple Inc. made to its iOS platform were not manageable and resulted in loss of advertising revenue in violation of federal securities laws....

Attached Documents

Related Sections