Facebook Inc. won dismissal of a $15 billion lawsuit. In 2012, users of the popular social network accused the company of secretly tracking their Internet activity after they log off.
However, the US District Judge of California dismissed the case as the subscribers did not specify how they were harmed.
The lawsuit consolidated similar complaints filed on behalf of Facebook subscribers in 10 states, including California, Texas, and Alabama.
According to the court’s decision, the users can refile most of their claims in a revised lawsuit until October 30.
At the same time, the company’s stocks have exceeded $100 on the New York Stock Exchange. In July 2015, Facebook stocks were trading near the level of $100, however, the price did not reach it.
The company first appeared on the stock market in September 2012. Since then, the social network operator has jumped over $100 a share, capping a 476% rally for the third-best performance in the Standard & Poor’s 500 Index. Also, Facebook is the fastest company ever to reach $250 billion in market value.
