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Facebook Settles Class-Action Suit For $35M

  • Reuters, Tuesday, February 27, 2018 11:26 PM
Facebook and CEO Mark Zuckerberg just settled a class-action suit related to its IPO for $35 million. The suit accused Facebook of “hiding worries about the social media company’s growth prior to its May 2012 initial public offering,” Reuters reports. “It amounts to a small fraction of Facebook’s current market value of roughly $537 billion as of Monday’s market close."

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