Meta Platforms Regulatory Developments

Investments
74

I=2
International group of plaintiffs sued Meta Platforms, claiming it can see WhatsApp chats

  • An International group of plaintiffs sued Meta Platforms, claiming it can see WhatsApp chats, hence breaching privacy.
  • Meta Platforms said the claims are not true and that it will sue the plaintiffs’ counsel.

Assessment
Similar lawsuits against tech companies have often resulted in a small settlement. For instance, Apple, Google and Amazon paid $95 million, $68 million and $25 million respectively to settle similar lawsuits in the past. Therefore, I don’t expect settlement for this case to be material for Meta Platforms.

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