Polish Billionaire Plans To Sue Meta Platforms For Alleged Fake Advertisements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 13 2024
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Source: Benzinga
Lawsuit Against Meta: Polish billionaire Rafal Brzoska and his wife Omenaa Mensah plan to sue Meta Platforms Inc. for allegedly running fake advertisements featuring their images on Facebook and Instagram, while also spreading false information about them.
Response from Meta: Meta claims it removes false ads when identified and collaborates with authorities to combat scams, but Brzoska asserts that the company has not addressed the issue despite being notified in July.
Analyst Views on FCOM
Wall Street analysts forecast FCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCOM 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: 72.000
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Current: 72.000
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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.
