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How will public perception of Meta change due to the lawsuit by end of 2025?
2
Resolution / Starting Odds
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Public opinion surveys and media analysis
Story
Supreme Court Allows Multibillion-Dollar Cambridge Analytica Lawsuit Against Facebook to Proceed
Nov 22, 2024, 04:15 PM
The US Supreme Court dismissed an appeal by Meta Platforms Inc., the parent company of Facebook, allowing a multibillion-dollar securities fraud class action lawsuit to proceed. The lawsuit, led by Amalgamated Bank, accuses Facebook of misleading shareholders about the misuse of user data in the 2015 Cambridge Analytica scandal, which involved the harvesting of data from 30 million users. Shareholders allege that Facebook failed to disclose the risks posed by the data breach in its annual securities filings. The Supreme Court's decision leaves intact a lower court's ruling that permits investors to move forward with the lawsuit.
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Settled for less than $3B • 25%
Settled for $3B to $5B • 25%
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Meta wins all lawsuits • 25%
Meta loses all lawsuits • 25%
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Meta wins in court • 25%
Meta wins the case • 25%
Meta loses and must divest Instagram • 25%
Meta loses and must divest WhatsApp • 25%
Meta loses and must divest both Instagram and WhatsApp • 25%
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Worsened • 25%
Mostly Positive • 25%
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No Opinion • 25%
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Support for Meta • 25%
Market value increases • 25%
Market value remains stable • 25%
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Market value decreases by 10% or more • 25%
Improved perception • 25%
No change • 25%
Worsened perception • 25%
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More favorable • 25%
Less favorable • 25%
No change • 25%
Data not available • 25%
Positive for X • 25%
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Neutral • 25%
Mixed reactions • 25%