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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
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The €550 million lawsuit against Meta by Spanish media publications set to begin October 2025

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November 28, 2024, 5:33 AM ET
Mark Zuckerberg, chief executive officer of Meta Platforms.
Mark Zuckerberg, chief executive officer of Meta Platforms.David Paul Morris/Bloomberg via Getty Images
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A Madrid court set Wednesday an October 2025 trial date for a 550-million-euro lawsuit by more than 80 Spanish media against Facebook owner Meta for allegedly violating EU data protection rules.

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EU rules oblige companies to obtain users’ consent to create personalised advertising from their data.

Spain’s main media association AMI says the US tech giant, which also owns Instagram and WhatsApp, created “unfair competition” by “systematically” breaking the law from May 2018 to July 2023.

Meta offered advertising spaces based on “an illegitimately obtained competitive advantage” to the detriment of traditional news media that respected the law, said AMI, which represents the owners of newspapers El Pais, El Mundo and La Vanguardia.

Meta’s lawyer Javier de Carvajal told a preliminary hearing in a Madrid commercial court on Wednesday that the company denied any damage or violation of EU rules.

The court agreed October 1 and 2 next year as the dates for the trial with AMI and Meta Ireland, the firm’s European headquarters.

The complainants’ lawyer Nicolas Gonzalez Cuellar told journalists that Meta says personal data are not used for personalised advertising and that it gained no competitive advantage.

Spanish radio and television stations have launched a separate lawsuit against Meta for the same reasons and are demanding 160 million euros ($169 million) in damages.

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