Mark Zuckerberg set to testify in an $8 billion shareholder suit against Meta Platforms for alleged unlawful data harvesting without user consent. Shareholders seek reimbursement for FTC fine related to Cambridge Analytica scandal involving Zuckerberg and other executives.

Key points of the trial include recouping fines, oversight duties, and Meta’s investments in privacy safeguards. Zuckerberg’s stock sales ahead of scandal under scrutiny. Judge’s rulings on oversight and reimbursement, implications for corporate governance, and Meta’s privacy and AI compliance efforts to be monitored.

Bull case highlights Meta’s proactive privacy investments since 2019, potential defense strategies, and precedent-setting impact on director oversight duties. Continued investments may rebuild trust and support platform growth. Favorable outcome could strengthen governance and attract institutional investors.

Bear case warns of financial and reputational risks for Meta and its leadership, potential erosion of investor confidence, and ongoing privacy concerns affecting user trust and engagement. Ruling may impact corporate governance standards and talent retention. Negative outcomes could lead to further legal risks and operational uncertainty.

Read more at Nasdaq: Privacy Failures at Center of Landmark Meta (META) Board Case