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Against Facebook and its General Manager Mark Zuckerberg took the first lawsuit for the 19% stock market crash, which evaporated about 120 billion dollars, over the wave of disappointing company results
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The shareholder James Kacouris filed an appeal with the Manhattan District Court, which accuses the social media and its owner of issuing misleading statements or not exhaustive on the slowing of the revenues, on the decrease of the margins of exploitation and on the flight of the users. The appeal concerns the status of clbad action or clbad action for unspecified damages. For the moment, Facebook does not comment.
It is not unusual for US shareholders to appeal against companies in the event of significant losses in the stock market. Facebook is already struggling with dozens of lawsuits for the Cambridge Analytica scandal that violated the profiles of millions of users.
- Topics:
- Cambridge Analytica
- Protagonists:
- Mark Zuckerberg
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