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What will be the financial impact on Meta from the Cambridge Analytica lawsuit by end of 2025?
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Resolution / Starting Odds
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
Meta's financial reports or official announcements regarding lawsuit costs
Story
U.S. Supreme Court Dismisses Meta's Appeal, Company Faces Amalgamated Bank's Lawsuit Over Cambridge Analytica Scandal
Nov 22, 2024, 03:33 PM
The U.S. Supreme Court dismissed an appeal by Meta Platforms Inc., leaving the company to face a lawsuit accusing it of misleading shareholders about the data-harvesting scandal involving Cambridge Analytica. The lawsuit, led by Amalgamated Bank, alleges that Meta failed to disclose the risks associated with the misuse of millions of users' data by the political consulting firm in 2015. The Supreme Court's decision not to hear the case means that a lower court's ruling allowing the lawsuit to proceed remains in place.
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No significant impact • 25%
Minor financial loss • 25%
Moderate financial loss • 25%
Significant financial loss • 25%
Meta wins the case • 25%
Meta loses the case • 25%
Case is settled out of court • 25%
Case is dismissed • 25%
Settlement reached • 25%
Meta wins case • 25%
Plaintiffs win case • 25%
Case dismissed • 25%
Significant negative impact • 25%
Moderate negative impact • 25%
No significant impact • 25%
Positive impact • 25%
No significant impact • 25%
Minor financial impact • 25%
Moderate financial impact • 25%
Major financial impact • 25%
Significant change in practices • 25%
Moderate change in practices • 25%
No change in practices • 25%
Other outcome • 25%
Settled for less than $3B • 25%
Settled for $3B to $5B • 25%
Settled for more than $5B • 25%
Goes to trial • 25%
Increase by more than 5% • 25%
Decrease by more than 5% • 25%
No significant change • 25%
Increase or decrease by less than 5% • 25%
Meta wins all lawsuits • 25%
Meta loses all lawsuits • 25%
Mixed outcomes (some wins, some losses) • 25%
No lawsuits filed • 25%
Meta Found Liable • 25%
Meta Not Found Liable • 25%
Case Dismissed • 25%
Other • 25%
Less than $1 billion • 25%
$1 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
More than $3 billion • 25%
Less than €3B • 25%
Between €3B and €3.5B • 25%
Between €3.5B and €4B • 25%
More than €4B • 25%