A group of pension funds and mutual funds that hold shares in Meta has filed a lawsuit against the company and its top executives. The suits argue that Meta does not do enough to curb criminal activity on its social networks, which they say harms shareholder value. Reuters reported the details.
The Delaware administrative court is the venue for the case, which was filed on a recent Monday. The plaintiffs name Mark Zuckerberg and other Meta leaders, alleging that they tolerate human trafficking and child sexual abuse by not taking stronger action on Meta platforms such as Facebook and Instagram. The suits point to Meta’s ownership status in Russia, where both platforms are banned and labeled extremist, as part of the broader context.
According to the lawsuit, the board has not explained to shareholders how it intends to address the alleged issues. The filing states that the board’s approach appears to allow Meta platforms to facilitate and promote trafficking and sexual exploitation, implying intentional complicity.
Meta has denied the claims, stating that it prohibits trafficking and exploitation and that the allegations misrepresent the company’s efforts to curb illegal activity. Company representatives emphasize ongoing enforcement measures and policies designed to remove illegal content.
Earlier coverage noted that there were discussions about leadership changes and hiring plans at Meta, though the specific phrasing and emphasis have varied across outlets. Analysts continue to monitor how Meta communicates its strategy for safety, compliance, and content moderation to investors and the public.