Facebook parent settles Cambridge Analytica scandal suit
The Meta Platforms filing in San Francisco federal court sought a 60-day stay while lawyers finalize the settlement as further details could be disclosed by late October
Facebook's corporate parent has reached a tentative settlement in a lawsuit alleging the world's largest social network service allowed millions of its users' personal information to be fed to Cambridge Analytica, a firm that supported
Donald Trump's victorious presidential campaign in 2016.
Terms of the settlement reached by Meta Platforms (NASDAQ: META), the holding company for Facebook and Instagram, weren't disclosed in court documents filed late Friday. The filing in San Francisco federal court
requested a 60-day stay of the action while lawyers finalize the settlement. That timeline suggested further details could be disclosed by late October.
