Meta CEO Mark Zuckerberg and other board members of the social media giant settled a shareholder lawsuit Thursday, a day after a trial began in court over an $8 billion class-action lawsuit linked to the 2018 privacy scandal involving Cambridge Analytica, according to AFP.

Meta shareholders demanded that Mark Zuckerberg and other executives pay them $8 billion for mishandling the privacy of Facebook users.

After years of legal sparring over Facebook’s governance, Meta has reached a major settlement with investors who accused CEO Mark Zuckerberg and company directors of enabling excessive power concentration.

An $8 billion US trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicks off on Wednesday over claims that they illegally harvested the data of Facebook users in violation of a 2012 agreement with the U.

The trial against Meta CEO Mark Zuckerberg and other former and current leaders, over Facebook privacy violations, has officially begun.