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Last updated : 05/05/2026 - 13h31
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Meta Platforms: Board of Directors Under Investigation for AI and Privacy Issues

The law firm Berger Montague announces an investigation on behalf of Meta Platforms shareholders regarding potential liabilities of the board of directors.


Meta Platforms: Board of Directors Under Investigation for AI and Privacy Issues

Purpose and Scope of the Investigation

The law firm Berger Montague informs shareholders of Meta Platforms (NASDAQ: META) of an investigation focusing on the company's board of directors. The inquiry examines whether the board failed to exercise appropriate oversight concerning certain privacy issues and the company's artificial intelligence training practices. The investigation aims to determine if the board of directors has breached its fiduciary duties to the company and its shareholders.

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Context

Period
  • Period: 3T 2025
Guidance from the release
  • We had a strong quarter for our business and our community.
  • Company reported a strong Q3 2025 with revenue $51,242 millions (+26 % y/y), but net income was reduced by a one-time, non-cash income tax charge of $15.93 billion leading to reported net income $2,709 millions and effective tax rate 87 %. Guidance: Q4 2025 revenue $56-59 billion; full year 2025 expenses $116-118 billion; capex expected to increase materially in 2026.
Risks mentioned
  • One-time, non-cash $15,93 billion tax charge related to One Big Beautiful Bill Act
  • Regulatory headwinds in the EU (Less Personalised Ads and other potential actions)
  • U.S. youth-related litigation risks potentially material
  • Increasing infrastructure and cloud costs putting upward pressure on expenses and capex
Opportunities identified
  • Continued advertising revenue growth and ad impressions expansion
  • AI-powered experiences and products driving future revenue opportunities
  • Infrastructure investments to support AI compute needs
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