Supreme Court dismisses appeal from Facebook owner Meta over securities fraud lawsuit [FOX Business Network]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: FOX Business Network
The Supreme Court dealt a setback Friday to Facebook's owner Meta Platforms by dismissing their appeal of a securities fraud lawsuit accusing the tech giant of misleading investors during the data-harvesting scandal involving Cambridge Analytica. In a one-sentence unsigned opinion, the Supreme Court did not provide a reason for dismissing Facebook, Inc. v. Amalgamated Bank, just saying it was "improvidently granted." It now means the lawsuit can continue in lower courts. Plaintiffs in the case argue that Facebook violated the Securities Exchange Act and unlawfully withheld information from investors surrounding the 2015 data breach tied to Cambridge Analytica, a British political consulting firm, according to Reuters. In 2018, Facebook's stock plummeted when media reports exposed that the firm used improperly harvested data from Facebook to support Donald Trump's successful 2016 presidential bid, the website added, noting that the investors are now seeking monetary damages to h
Show less
Read more
Impact Snapshot
Event Time:
META
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
META alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
META alerts
High impacting Meta Platforms, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
META
News
- Is AMD Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Nissan says planned layoffs not linked to Trump tariffs | Fact check [USA TODAY]USA TODAY
- ICE data on noncitizen 'murderers' is misrepresented | Fact check [USA TODAY]USA TODAY
- 3 Reasons Besides Q3 Data Center Success to Buy NVIDIA Stock [Yahoo! Finance]Yahoo! Finance
- Supreme Court dismisses appeal from Facebook owner Meta over securities fraud lawsuit [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 10/30/24 - Beat
META
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- META's page on the SEC website