Facebook parent Meta Platforms beats lawsuit over Apple privacy, Sandberg disclosures

September 18, 2024

Meta Platforms won the dismissal of a lawsuit claiming it defrauded shareholders by concealing how changes to Apple’s privacy settings would make Facebook and Instagram less desirable for advertisers. In a decision on Tuesday, U.S. District Judge Yvonne Gonzalez Rogers also rejected claims that Meta concealed former Chief Operating Officer Sheryl Sandberg’s use of company resources on personal matters, including her wedding and her best-selling book “Lean In.” The Oakland, California-based judge also turned aside claims that Meta knew its transition to Reels, which copied TikTok’s short-form video format, would hurt revenue because it offered fewer ads per hour than older formats.