Supreme Court Dismisses Facebook Appeal in Data Scandal

The U.S. Supreme Court has dismissed Facebook's appeal, meaning the company must face a class-action lawsuit accusing it of misleading investors about the Cambridge Analytica data scandal. This decision upholds a Ninth Circuit ruling that allows shareholders to proceed with their case, which claims Facebook failed to properly disclose the misuse of user data in its financial filings. The scandal involved Cambridge Analytica's acquisition of data from millions of Facebook users to influence political campaigns, notably for the 2016 U.S. presidential election. The Supreme Court's decision was issued without explanation, stating only that the case was 'dismissed as improvidently granted.' Meta, Facebook's parent company, previously agreed to a $725 million settlement in a related class-action lawsuit about third-party data access. The ruling highlights ongoing legal repercussions for Facebook over its handling of user data and transparency with investors.