You’ve seen it all over the news in 2018: Facebook. With scandals like data security breaches, fake news, and Senate hearings, Facebook has not escaped bad publicity this year. This blog post will first address the steps Facebook has taken and will have to take to avoid similar scandals in the future. It will then…
Tag: Facebook
New York’s Highest Court Holds that Discovery of Private Social Media is Governed under Traditional Discovery Rules
Background On February 13, 2018, the New York Court of Appeals held that an individual’s private social media account receives no special protection from discovery.1 In the case, Forman v. Henkin, the plaintiff fell off a horse and sued the owner of the horse for negligence.2 The plaintiff claimed severe injuries including spinal damage, brain…
As tech acquisitions increase, shareholders’ voices diminish even further
Two of world’s largest technology companies, Facebook and Google, both opted for a dual-class capitalization structure for their respective initial public offerings (IPOs).1 Under this dual-class structure, the public holds Class A common stock with only one vote per share, while an insider’s Class B common stock is entitled to multiple votes per share.2 This…