Facebook Sued by Investors Over Voter-Profile Harvesting
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Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#2...and here come the lawyer vultures (full disclosure, I'm a lawyer).
Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#3...and here come the lawyer vultures (full disclosure, I'm a lawyer).
Lying to your investors is securities fraud.
Enthusiastic about what the discovery process uncovers.
Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#4Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#5Earlier quoted context omitted.
Lying to your investors is securities fraud. Enthusiastic about what the discovery process uncovers.
What material fact did Facebook lie to their investors about?
Yea I'm still baffled why this is 'news'. Facebook and Mark Z have been very upfront with investors and the public about the lack of privacy that users should expect when using their platform.
Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#6Earlier quoted context omitted.
Lying to your investors is securities fraud. Enthusiastic about what the discovery process uncovers.
What material fact did Facebook lie to their investors about?
From the article,
> “defendants made false or misleading statements and failed to disclose that Facebook violated its own data privacy policies by allowing third parties access to personal data of millions of Facebook users without their consent,” according to the complaint.
Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#7Earlier quoted context omitted.
What material fact did Facebook lie to their investors about?
From the article, > “defendants made false or misleading statements and failed to disclose that Facebook violated its own data privacy policies by allowing third parties access to personal data of millions of Facebook users without their consent,” according to the complaint.
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Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#8Can any lawyers summarize the actual lawsuit?
What do these investors want exactly, more money?
The stock price went up by any measure, from Feb 3, 2017 to Mar 19, 2018, so it can't be compensation for that. Unless they are willing to give those gains back?
Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#9Can any lawyers summarize the actual lawsuit? What do these investors want exactly, more money? The stock price went up by any measure, from Feb 3, 2017 to Mar 19, 2018, so it can't be compensation for that. Unless they are willing to give those gains back?
[deleted]
Re: Facebook Sued by Investors Over Voter-Profile Harvesting
#10Earlier quoted context omitted.
What material fact did Facebook lie to their investors about?
Yea I'm still baffled why this is 'news'. Facebook and Mark Z have been very upfront with investors and the public about the lack of privacy that users should expect when using their platform.
They haven't been upfront. That's the whole point. They violated their own policies, allowed others to do it, and failed to disclose it.