You stay classy, FB
Jun. 17th, 2012 01:37 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mahnmutFacebook to pay $10 million to settle suit
Facebook Inc has agreed to pay $10 million t o charity to settle a lawsuit that accused the site of violating users' rights to control the use of their own names, photographs and likenesses, according to court documents made public over the weekend.
The lawsuit, brought by five Facebook members, alleged the social networking site violated California law by publicizing users' "likes" of certain advertisers on its "Sponsored Stories" feature without paying them or giving them a way to opt out, the documents said.
...
Facebook shares closed at $30.01 on Friday, down 21 percent since the company's initial public offering last month.
Facebook Inc has agreed to pay $10 million t o charity to settle a lawsuit that accused the site of violating users' rights to control the use of their own names, photographs and likenesses, according to court documents made public over the weekend.
The lawsuit, brought by five Facebook members, alleged the social networking site violated California law by publicizing users' "likes" of certain advertisers on its "Sponsored Stories" feature without paying them or giving them a way to opt out, the documents said.
...
Facebook shares closed at $30.01 on Friday, down 21 percent since the company's initial public offering last month.
