Facebook is finally being sued in hopes of reforming its biased and liberal practices, but the plaintiffs aren't who you might think.
The Ohio Employees Retirement System is taking the lead on the lawsuit, and will be joined by PFA Pension of Denmark and the California Public Employees Retirement Systems in arguing that Facebook made false statements about the safety, security and privacy of its platforms and that it made changes to its proprietary algorithm to boost its claims.
The case being heard in Northern California alleges that Facebook's deceptions were to boost its stock price, and that when they came to light, they lowered the stock price and hurt these large investors.
The plaintiffs are seeking $100 million in damages.
Facebook admitted in internal documents that "we are not actually doing what we say we do publicly."
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