Meta Blasts Professor Lawsuit Over User Control Of Facebook As 'Baseless'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2024
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Source: Benzinga
Lawsuit Against Meta: Ethan Zuckerman, a professor, has filed a lawsuit against Meta Platforms, Inc. to release a browser extension called Unfollow Everything 2.0, which would allow Facebook users to unfollow multiple friends, groups, and pages simultaneously, effectively turning off their newsfeed.
Meta's Response: Meta has moved to dismiss the lawsuit, claiming it is baseless as the extension has not yet been developed, while Zuckerman argues that the tool promotes user control over online experiences as intended by Section 230 of the Communications Decency Act.
Analyst Views on METU
Wall Street analysts forecast METU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for METU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.490
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
