mahnmut: (Short cut? Must be electricity.)
mahnmut ([personal profile] mahnmut) wrote2012-06-17 01:37 pm
Entry tags:

You stay classy, FB

Facebook 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.

[identity profile] sealwhiskers.livejournal.com 2012-06-17 03:08 pm (UTC)(link)
I really dislike fb and wouldn't even have it, if it wasn't for all far away friends and relatives. I stopped using my real name there long ago though. Fb is like this idea that could have been great but turned into a monster.

[identity profile] abomvubuso.livejournal.com 2012-06-17 04:01 pm (UTC)(link)
Meh, FB...

[identity profile] il-mio-gufo.livejournal.com 2012-06-17 05:46 pm (UTC)(link)
interesting - - shoot, if i had a FB that lawsuit probably would've been six members instead of five :P

[identity profile] mahnmut.livejournal.com 2012-06-17 05:57 pm (UTC)(link)
You could've been a millionaire by now!

[identity profile] tcpip.livejournal.com 2012-06-18 05:29 am (UTC)(link)
So, they've donated $10M which will be taken off their tax bill. *nods*