Behind-the-scenes details of an agreement between Facebook and US privacy regulators in 2019 have emerged in a Delaware court, during a trial on investor claims that the settlement cost them at least $US7 billion ($11 billion).
A company director at the time, Jeffrey Zients, who was later former US president Joe Biden’s chief of staff, said the board asked its lawyers to approach the Federal Trade Commission with a proposal. The company, now known as Meta, was willing to pay billions of dollars to settle allegations related to a privacy scandal but would not accept any settlement that held founder Mark Zuckerberg personally responsible.
