Meta shareholders sue Zuckerberg for $8 billion
Meta CEO Mark Zuckerberg and ex-COO Sheryl Sandberg are in court after shareholders sued them for $8 billion, claiming they let Facebook break a 2012 FTC order meant to protect user privacy.
The alleged slip-up led to Cambridge Analytica getting hold of millions of users' data, which cost Meta a massive $5 billion FTC fine.
Trial underway in Delaware
The trial kicked off July 16, 2025, in Delaware. Shareholders want Meta reimbursed for the fine and other costs.
Zuckerberg, Sandberg, and board members like Marc Andreessen are set to testify. They all deny wrongdoing—saying Facebook tried to follow the rules but was misled by Cambridge Analytica.
There's also an insider trading claim against Zuckerberg (which he denies), insisting his stock sales were routine.
The court's decision on responsibility and damages will come months after the trial wraps up.