Mark Zuckerberg and other Meta executives have settled a lawsuit filed by shareholders over the Cambridge Analytica scandal for an undisclosed amount.

Key Takeaways:

• The lawsuit alleged that Meta executives intentionally violated a Federal Trade Commission agreement by sharing user data without consent.
• The FTC fined Facebook $5 billion in 2019 for failing to protect users' personal data.
• The settlement terms remain undisclosed, as per Reuters.

Meta appoints Connor Hayes, VP of product for generative AI, as the new head of Threads, signaling the platform's growing importance.

Key Takeaways:

• Threads' mobile daily active user (DAU) numbers are approaching those of X, with around 115 million DAUs compared to X's 132 million.
• The platform has grown beyond being a side product of Instagram, necessitating additional leadership.
• Adam Mosseri, Instagram head, will no longer be in charge of Threads.