Justices Question Facebook, Investors Over Disclosing Data-Sharing Incident

( November 7, 2024, 9:51 AM EST) -- WASHINGTON, D.C. — In oral arguments held Nov. 6 in the U.S. Supreme Court, attorneys for Facebook Inc. (now known as Meta Platforms Inc.) and a group of its investors fielded queries about whether Facebook’s failure to disclose its past sharing of users’ data with a third-party analytics firm in risk statements constituted securities fraud because the incident amounted to a risk of future harm....