Facebook slapped with $15 billion privacy lawsuit on IPO day
Facebook Inc. (FB), the social network operator whose shares began trading today, was sued for $15 billion in an amended complaint by subscribers who claim the company invaded their privacy by tracking their Internet use.
In the complaint filed yesterday in federal court in San Jose, California, the plaintiffs sayFacebook improperly tracked users even after they logged out. Twenty-one cases making similar claims have been consolidated before the court. The latest filing seeks to proceed on behalf of U.S. residents who subscribed to Facebook from May 2010 to September 2011.