Facebook Employees Aware of Ad Inflation, Amended Lawsuit Says

Facebook Inc. employees were aware that the company was overestimating how many people advertisers could reach, according to an amended complaint filed this week in a nearly two-year-old lawsuit accusing the company of misrepresenting that data. “This is a lawsuit waiting to happen,” a Facebook product manager wrote to colleagues in October 2018, regarding the company’s alleged overstatements, according to the amended complaint.