This Lawsuit Could Cost Facebook Billions

A new class action lawsuit could cause billions in damage to Facebook.

“Two US class action lawsuits against Facebook by shareholders alleging it hid growth concerns ahead of its 2012 public listing can now go ahead.

A federal judge certified the legal proceedings, Reuters reports, saying investors who claim they lost money could pursue their claims as groups.

Facebook told the BBC that it was disappointed with the decision and it has launched an appeal against it.” [READ MORE]