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What will be the impact of LinkedIn's $6.63 million settlement on its stock price by the end of 2024?
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Story
LinkedIn to Pay Nearly $6.63 Million to Settle Ad Overcharge Lawsuit
Jul 26, 2024, 02:37 PM
LinkedIn, a unit of Microsoft, has agreed to pay nearly $6.63 million to settle a proposed class action lawsuit. The lawsuit accused LinkedIn of overcharging advertisers by inflating video ad view counts on its platform. The settlement is currently awaiting approval from a U.S. Magistrate Judge. LinkedIn disclosed that software bugs caused over 418,000 inflated video ad view counts.
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