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HomeEconomyFacebook paid 4.2 billion to 'protect' Zuckerberg from scandal

Facebook paid 4.2 billion to ‘protect’ Zuckerberg from scandal

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a Facebook paid nearly $5 billion (about €4.2 billion) to the FTC to protect Mark Zuckerberg from individual prosecution by the US agency in the Cambridge Analytica scandal, say a group of contributors to a lawsuit announced this Tuesday and reported by Politico.

This 4.2 billion was paid in addition to the 90.3 million euros in a settlement created in this case because Facebook did not alert its investors about the Cambridge Analytica data collection.

“Zuckerberg, Sandberg, and other Facebook executives have agreed to authorize the multibillion-dollar settlement with the FTC as an “explicit trade-off” to protect Zuckerberg from being named in the FTC complaint, holding him personally liable, or even committing to making a statement,” he notes. company.

In introducing this process, the contributors argue that “Zuckerberg systematically filled management with friends, associates, and employees.” “When directors muster the courage to stand up to him or speak out, Zuckerberg pushes them away,” the contributors add.

“It’s no surprise that the administration has never seriously captured Zuckerberg’s absolute power. Instead, he empowered it, defended it, and pushed billions of dollars out of Facebook coffers to get him out of his trouble.”

Read also: Justice orders Facebook to release accounts about threats against Rohingya

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