[SeekAndFind]

Yost’s lawsuit claims that Facebook repeatedly assured investors that it has “the most robust set of content policies out there” and “touted the aggressive steps it takes to ensure the safety and security of its users by preventing misinformation and harmful content from spreading through its platforms.” Facebook also stated that it was “committed to keeping people safe and assured investors that it enforces its content policies evenly across all users. These and similar statements made throughout the Class Period were false.”

[z3n]

“the most robust set of content policies out there”

~~~

They may actually be “robust”, but what you think is bad for children and what Facebook thinks is bad for children is a matter of ‘opinion’. heh

[BiglyCommentary]

Fraudbook will have to be terminated because they violated the UNITED STATES TERMS OF SERVICE AND COMMUNITY STANDARDS.

[Jay W]

Hopefully, this will be the meta (death) of Facebook.

[PeterPrinciple]

by inflating its user numbers

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On the other hand, let the buyer beware, do your own due diligence.

[whitney69]

I would say this is a perfect example of eating their own.

wy69

[whitney69]

So what? Facebook is a corporate entity.

Since corporations are treated as an individual person under the law, a corporation itself can be sued like an individual person. But if a corporation has no money, suing the corporation itself would be futile, as you would not be collecting anything from the corporation, even if your lawsuit was successful. And you can’t sue the owner as the corporate is a separate entity. His money is his, not the corporate’s. So it puts people out of work until he starts something new, if he wishes to, as he’s filthy rich already. And proving he or others intentionally did what they did will fall on the evidence of proof. They are guessing here whether it is true or not.

Another dumb lawyer being called republican in the article. Welcome to the club.

wy69

[Brian Griffin]

I don’t think the executives of Facebook are licensed medical professionals. Why should they be expected to know or care about “the health and well-being of children”?

[Brian Griffin]

I personally think public education has harmed children by brainwashing them.

[Liz]

Facebook enriched itself by misleading investors throughout the Class Period where it is alleged
to have violated U.S. securities laws making statements that were demonstrably false:

SUCH AS that it was “committed to keeping people safe ....... assured
investors that it enforces its content policies evenly across all users. “

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THE SEC WOULD ALSO BE INTERESTED AS TO WHETHER FACEBOOK FALSIFIED ITS ANNUAL REPORT.

CONTACT: enforcement@SEC.GOV