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Montevideo, September 24th 2018 - 08:04 UTC

Tag: Paul Grewal

  • Wednesday, March 21st 2018 - 10:07 UTC

    Facebook shareholder suing the company, which has lost US$ 50bn in value

    Cambridge Analytica, a US-based subsidiary of UK-based firm SCL, obtained as many as 50 million Facebook profiles by abusing Facebook's data sharing features

    A Facebook shareholder is suing the social media giant for allegedly misleading investors in the Cambridge Analytica affair that's currently rocking the social network. Fan Yuan, who owns Facebook stock, filed a lawsuit Tuesday in the District Court of Northern California, located in San Francisco, on behalf of Facebook shareholders. Gizmodo first reported the lawsuit, which is seeking class action status. You can read the full complaint here.