Six lawsuits filed against Facebook after data breach scandal

Facebook has been in trouble since the past few days and now six lawsuits have been filed against the biggest social media site in just one week of its data breach scandal.

The reports on ‘Cambridge Analytica’ have caused huge trouble for the social media site. The reports suggested the misuse of over 50 million Facebook users’ account for 2016 US presidential elections without their consent. Because of this scandal, users sued Facebook and has been filed with six lawsuits, including those from shareholders.

As per Engadget, the lawsuits marked Facebook, CEO Mark Zuckerberg and Cambridge Analytica as defendants along with many other unnamed personnel. The plaintiffs mainly seek compensatory and punitive damages on behalf of themselves and other individuals. One of the lawsuits also sought damages and a court direction for Facebook for improving its corporate governance. Also, lawsuits filed by some shareholders focused on the drop in share prices on the company.

Facebook CEO apologizes, shares drop after data breach scandal

After Cambridge Analytica revelations, the social media site has been under investigations from Congress and UK Parliament. The firm is also being inquired by the states of New York and Massachusetts and also reportedly by FTC.

On the other hand, CEO Mark Zuckerberg recently made a public appearance and apologized for the hurdles caused. “We let the community down and I feel really bad and I’m sorry about that,” he said. Along with the company’s shares, Zuckerberg’s net worth saw a decline too as the repercussions of the scandal.