Meta (formerly Facebook) has been hit with a revived class action shareholder suit stemming from its involvement with Cambridge Analytica, a firm that infamously mined Facebook user data for hyper-targeted political engagement. The 9th U.S. Circuit Court of Appeals in San Francisco restored shareholders’ claims that Meta falsely stated that user data “could” be compromised

Facebook announced late last week that it had suffered the largest breach in its history with 50 million accounts were compromised, and another 40 million accounts affected. Yes, that equals 90 million accounts. If you use Facebook and were locked out of your account over the weekend, your account was most likely affected. The 50

Facebook reports that the personal data of 87 million Facebook users, mostly located in the United States, “may have been improperly shared” with British data analytics firm Cambridge Analytica. Previous estimates put the possible scope of improper sharing at about 50 million users. The increased number was calculated by Facebook by totaling the friends of