U.S. Supreme Court: Allows investors to file a class action lawsuit against Meta over Cambridge Analytica privacy scandal
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The U.S. Supreme Court ruled that investors are allowed to file a class-action lawsuit against Meta over the Cambridge Analytica privacy scandal, with Meta's stock price closing down 0.7% at $559.14. The lawsuit alleges that Meta failed to adequately disclose the risks of user information being misused. Meta expressed disappointment and stated that it will continue to defend the company
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