Meta Platforms(US:META) 智通财经网·2025-07-14 13:59Core Points - Meta CEO Mark Zuckerberg is set to testify as a key witness in an $8 billion lawsuit alleging that Facebook operated as an illegal enterprise by allowing third parties to access user data without consent [1] - The lawsuit is linked to the 2018 Cambridge Analytica scandal, where the now-defunct political consulting firm was found to have obtained data from millions of Facebook users [1] - Shareholders are seeking over $8 billion in damages, including a $5 billion fine imposed by the FTC for violating a user data protection agreement [1] Group 1 - The lawsuit claims that Facebook continued deceptive privacy practices under Zuckerberg's direction after the 2012 agreement with the FTC [1] - Shareholders allege that Zuckerberg sold at least $1 billion in stock after anticipating the scandal would lead to a drop in stock prices [1] - The defense argues that evidence will show Facebook established a privacy oversight team and was a victim of Cambridge Analytica's "deliberate deception" [2] Group 2 - The trial is taking place in Wilmington, Delaware, and is expected to last eight days [3] - Defendants include former COO Sheryl Sandberg, venture capitalist and board member Marc Andreessen, and former board members Peter Thiel and Reed Hastings [2]