Tech giant Meta will pay Australians $50 million for enabling the Cambridge Analytica scandal
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Meta has reached a $50 million settlement with the Australian Information Commissioner over its involvement in the Cambridge Analytica scandal.
December 17, 2024 | 5:00 pm
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Meta has agreed to pay $50 million to settle with the Australian Information Commissioner regarding its role in the Cambridge Analytica scandal.
The settlement indicates a financial and reputational impact on Meta due to its involvement in the Cambridge Analytica scandal. This could lead to short-term negative sentiment among investors.
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