Facebook (NASDAQ FB) Lawsuit Gains Speed: Stock in News

Facebook(NASDAQ FB), which censors news and spys on its users, faces a limited fine in Europe as a Vienna court advances the case, giving Facebook 4 weeks to respond. The book 1984 by George Orwell, when it was first released in 1949, described a world few thought possible: a controlling government monitors not only individual communication but also implied thoughts; media was manipulated to portray a happy picture that promoted state interests, avoiding negative news; privacy was a thing of the past.

Fast forward to August, 2014 and a class action lawsuit involving Facebook, a firm that is reported to manipulate its news feed to censor negative news posts and that works with the NSA to spy on its users. Facebook Inc (NASDAQ FB) has been accused of using double speak in its privacy policy and violating European privacy laws.

This lawsuit, previously reported on Technews, is now getting significant legs. The Vienna Regional Court, where the suit was filed, has reviewed the case, assigned it validity and has turned to Facebook’s Ireland headquarters for a response. The social media company, whose Irish headquarters cover 80 percent of users, will now have four weeks to respond to the court’s request, according to a report in TechCrunch.

Facebook Inc: EU Lawsuit

The group behind the lawsuit now has over 60,000 people who have signed up. 25,000 of claimants have assigned their claims to join the class action, and 35,000 of which have registered to assign their claims when and if the suit widens to cover more users, the report says.

Facebook Inc (NASDAQ FB) faces a potential small monetary payout on the issue. The penalty is limited to 25,000 people each of whom can file a €500 per user claim. The loss of a suit, however, would be more damaging to Facebook’s public image, the report noted.

[grabpress_video guid=f8fc41f7805249f9e8d2ae7aa80abe6268efc01e embed_id=2151919]

Facebook Inc (NASDAQ FB) Business News

The suit comes on news that Facebook Inc (NASDAQ FB) censors news content from its website that is negative, as reported on Technews. Facebook has been embroiled in privacy controversy in the US as well, yet nothing seems to slow the apparatus of social media that is documented to not only spy on its users, corroborate with the government and censor news content.

Thanks for visiting the TechNews.org website. Be sure to catch all Facebook Inc (NASDAQ FB) financial news, bookmark us and check all the videos and news articles regarding the Facebook stock.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone