Facebook Board Sued Over Antitrust Woes, Advertising Claims (2)

Mark Zuckerberg and other Facebook Inc. senior leaders got hit with a pension fund lawsuit in Delaware blaming their “buy-over-build ethos” and “long-established culture of deference to Zuckerberg” for the wave of legal problems threatening the tech giant.

The 138-page lawsuit, made public late Thursday in Delaware Chancery Court, stems partly from a pair of antitrust lawsuits facing the company, which was accused of monopolizing social media in December in parallel cases brought by the Federal Trade Commission and nearly every state.

Those suits and a series of parallel class actions claim Facebook exploited user data to identify potential competitive ...