According to the Zhixun Finance app, the US Supreme Court recently ruled to allow investors to file a collective lawsuit against Meta (META.US), the parent company of Facebook, for several billion dollars in the Cambridge Analytica privacy scandal. This decision is a rejection of Meta's attempt to dismiss the lawsuit.

Last November, the Supreme Court held a debate on Meta's attempt to dismiss the case. However, this week, the court rejected Meta's appeal and upheld the decision to allow the lawsuit to proceed. The core of this lawsuit is investors accusing Meta of failing to fully disclose the risk that Facebook user's personal information could be misused by Cambridge Analytica.

In response to the Supreme Court's ruling, Meta spokesperson Andy Stone expressed disappointment. In an email statement, he said: "The plaintiff's allegations are unfounded. During the trial in the district court, we will continue to defend the company."

It is worth noting that Meta has previously paid a fine of $5.1 billion for privacy issues and reached a $0.725 billion privacy settlement agreement with users.

Influenced by this news, Meta's stock price fell nearly 1% during Friday's trading. As of the close, the stock fell by 0.7%, closing at $559.14.