The proposed settlement is a result of revelations that the information of up to 87 million people may have been improperly shared with the data analytics firm that worked for political campaigns.
One of the plaintiffs says he contacted Facebook several times about posts threatening violence against his father, who was murdered by members of a militant group.
Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.
Meta says it has disrupted a large Russian network of fake accounts pushing a pro-Kremlin view of the war in Ukraine and a separate Chinese campaign targeting the U.S. midterm elections.
Facebook, YouTube, Twitter and TikTok are bringing back familiar strategies from 2020 to fight the spread of disinformation in the 2022 midterm elections.
Companies are bracing for potential trouble ahead by lowering their advertising budgets, cutting costs and adapting to their customers' changing spending habits.