Microsoft’s LinkedIn settles advertisers’ lawsuit over alleged overcharges
LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft (MSFT.O) unit of overcharging advertisers by inflating how many people watched video ads on its platform.
A preliminary settlement was filed late on Thursday in San Jose, California federal court, and requires approval by US Magistrate Judge Susan van Keulen in San Jose, California.
LinkedIn denied wrongdoing. It also agreed to use reasonable efforts for two years to hire an outside auditor to review its ad metrics.
Заголовки