Facebook Settles Ads Lawsuit

Facebook is possibly saving a ton of money, settling a lawsuit that could have included millions of Americans.

FOX News Radio’s Lisa Lacerra has details:

Audio clip:

The suit, brought by five Facebook members, says the social networking site violated California law by publicizing users “likes” of certain brand name products that Facebook called “sponsored stories.” ¬†Facebook had allowed companies to pay to retransmit users’ activities to their friends’ pages.

The proposed class-action lawsuit could have included one-in-three Americans, with billions of dollars in damages. ¬†The judge, saying the plaintiffs could suffer economic injury through Facebook’s use of their names, photographs and likenesses.

Lisa Lacerra, FOX News Radio.