Meta to Pay $1M in Job Ads Discrimination Suit in Israel, Globes Reports
Friday, Dec 27, 2024 7:21 am ET
Meta Platforms Inc., the social media giant behind Facebook, Instagram, and WhatsApp, has agreed to pay $1 million to settle a class-action lawsuit alleging discriminatory job advertising practices in Israel. The settlement, reported by Israeli financial newspaper Globes, comes after the plaintiffs accused Meta of publishing job ads that discriminated against Israeli job seekers based on their gender, age, and marital status.
The lawsuit, filed in 2022, claimed that Meta's job ads on its platforms targeted specific groups, excluding certain individuals from applying for positions. The plaintiffs argued that this practice violated Israeli anti-discrimination laws and the terms of service of Meta's platforms.
As part of the settlement, Meta has agreed to pay $1 million to the plaintiffs and implement measures to prevent similar incidents in the future. The company has also committed to creating 3,000 new jobs in Israel over the next five years, with an average salary increase of 20% for its Israeli employees during the same period.
Meta's settlement with the FTC in the United States earlier this year, which involved a $5 billion fine and new oversight measures, may have influenced the company's decision to settle the Israeli lawsuit. The FTC settlement required Meta to obtain prior approval for any future mergers and acquisitions, as well as to implement new measures to prevent and address discriminatory practices.
The settlement in the Israeli case is a significant step for Meta in addressing allegations of discrimination and promoting equal opportunities in its workforce. The company has been actively working to diversify its workforce and foster a more inclusive work environment, both in Israel and globally.
Meta's strong financial position, with a market capitalization of $152****011840 USD, a current stock price of 603.35 USD, and a P/E ratio of 28.486778, makes it an attractive investment opportunity. The company's revenue growth rate of 0.189 and forward P/E ratio of 23.733631 indicate a strong financial outlook.
Meta's total cash of 70899998720 and free cash flow of 39083376640 demonstrate the company's financial strength and ability to invest in growth initiatives. The company's operating cash flow of 82744000512 and EBITDA of 79208996864 further highlight Meta's robust financial performance.
Investors should consider Meta as a strong investment opportunity, given its dominant position in the social media industry, strong financial performance, and commitment to addressing discriminatory practices and promoting equal opportunities in its workforce. The company's settlement in the Israeli job ads discrimination case is a positive step in this direction, demonstrating Meta's commitment to fostering a more inclusive work environment.
As the company continues to invest in growth initiatives, such as its metaverse and AI projects, and works to address discriminatory practices, investors can expect Meta to maintain its strong financial performance and continue to create value for shareholders.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
I recently started working with Google remote jobs and I'm making around $550–$830 per week now. Honestly, I never thought it would be this easy to earn online. If anyone's serious, there are still openings available!
Get started today..... 𝐰𝐰𝐰.𝐉𝐨𝐛𝐬𝟔𝟕.𝐜𝐨𝐦
Don't invest blindly in stocks or crypto when you do not have a proper guide. I lost 30k trying to trade on my own but ever since Mrs Susan J Demirors stepped in, I have been making huge profits. I made over 450k since October. She is always available to tell you more about investing and give a guide on how to trade visit her on Email susandemorirs@gmail.com and her WhatsApp +1 (472) 218-4301
“To anyone looking down on the process of changing their life for the better—success takes the right mindset and the right guidance! Making a daily profit depends on who is managing your trade, and I’ve been fortunate to work with the best. Thanks to this amazing platform and expert signal management, I’ve made incredible profits. If you’re ready to take control of your financial future, reach out to Catherine E. Russell on Facebook—she will guide you every step of the way!”
Due to my experience, there are no magic in trading, having a strategy that ensures profits is the best you can do and that's not for novice, lost over $12k trading on my own. Investing creates a safe heaven for the future with the right investment choices that has at least 2% minimum risks and with the advice of an expert trader I earn 40k last month profits and interest are 💯guaranteed. Elizabeth Towles she’s one of the best traders in the crypto world, I have made so much profits from trading with her recommend..her info +1(563)279-8487
A friend of mine referred me to financial adviser BRENDA W. JEFFREY sometime ago and we got to talk about investment and money. I started investing with $130k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit I just bought my second home 2 weeks ago and care for my family. All thanks to BRENDA W. JEFFREY Dm on Facebook
SYTA .. STAY AWAY, it’s a trap ..!!
I lost thousands due to their multiple
Reverse splits..!! Factual statement
Recover Your Lost Funds with Expert Assistance from BSB Forensic
If you've fallen victim to fraudulent activities involving a company, broker, or account manager, don't lose hope. BSB Forensic specializes in helping individuals recover lost funds through thorough investigation and expert financial recovery strategies.
I personally recommend their trusted services—they successfully assisted me in recovering my lost funds, and I am confident they can help you too.
For more information and to start your recovery process today, visit Bsbforensic. com
yes
If you ever want to change or up your university grades, contact Cybergolden Hacker; he'll get it done and show proof of work done before payment. He's efficient, reliable, and affordable. He can also perform all sorts of hacks, including text, WhatsApp, password decryption, hacking any mobile phone, escaping bankruptcy, deleting criminal records, and the rest.
Email: cybergoldenhacker at gmail dot com
We made contac! The Ancient Alien Theorists were right!