More than five years after the Cambridge Analytica scandal, the legal and financial consequences are still playing out—this time in Delaware’s Chancery Court, where Mark Zuckerberg and Meta executives are being sued by investors seeking over $8 billion in damages.
This landmark class-action lawsuit argues that Meta’s leadership knowingly violated a 2012 FTC consent order, misled users and regulators, and failed to prevent the improper sharing of personal data—culminating in the largest privacy fine in U.S. history.
In this episode, we explore:
- The core allegations against Zuckerberg, Sandberg, and others
- How the FTC’s 2012 and 2019 orders shaped Meta’s legal obligations
- Why investors believe Meta’s disclosures were fraudulent
- What former insiders, including Jeffrey Zients and Yul Kwon, are saying on the stand
- The broader implications for data privacy governance and board-level accountability
- How the Supreme Court’s dismissal of Meta’s appeal revived the case
- And why this trial could redefine what “fiduciary duty” means in the digital age
From API loopholes to insider warnings, stock sales, and alleged cover-ups, this case is a referendum on corporate responsibility in the age of surveillance capitalism—and a signal that executive leadership can be held personally liable for privacy failures.
