Navigating Disclosure: Facebook's Data Misuse Implications

This chapter examines the 'virtual certainty standard' regarding Facebook's data breaches and the complexities of legal disclosure for companies. It discusses the importance of transparency for investors and delves into the implications of misleading statements concerning user data practices. Furthermore, the speakers explore the nuances of legal obligations and risk perceptions in corporate disclosures, particularly in light of significant incidents like the Cambridge Analytica scandal.