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Facebook settles ‘likes’ lawsuit for peanuts ($10 million)

Monday, June 18, 2012

Facebook will pay $10 million to charity to settle a lawsuit brought by five Facebook members accusing the company of misusing their “likes” button on “sponsored story” ads. Reuters says the settlement was reached last month (before the company’s IPO) and made public this weekend.

Add: Facebook dodges a bullet on this one. The proposed class-action lawsuit could have included one in three Americans, Reuters says.


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