Facebook faces Israeli lawsuit for alleged fraud in acquisition of Servicefriend

Friday 2 April 2021 | 13:10 CET | News
The founder of Israeli startup Servicefriend Shahar Ben-Ami has filed a lawsuit at Tel Aviv Labour Court against Facebook for allegedly acting fraudulently and with an extreme lack of good faith, when acquiring the company that he founded, Globes reported. Ben Ami was fired as CEO in 2020, one year after the acquisition, and is suing for ILS 25 million.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Internet
Companies: Facebook
Countries: Israel
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


German Cartel Office examines Kustomer acquisition by Facebook

Published 23 Jul 2021 15:41 CET | Germany
The German Federal Cartel Office Bundeskartellamt has started looking at the planned acquisition of the start-up Kustomer by ...

Israel's Competition Authority could fine Facebook ILS 6 mln over undeclared deals

Published 13 May 2021 14:43 CET | Israel
Israel's Competition Authority is considering fining Facebook ILS 6 million for failing to notify it of merger and acquisition ...

Facebook to 'aggressively' invest in new technologies as ad revenues forecast to slow

Published 29 Apr 2021 09:34 CET | World
Facebook reported a very solid first quarter, though figures were not quite as strong as in the previous quarter, helped again by ...

UK govt, Bank of England set up digital currency taskforce

Published 21 Apr 2021 10:06 CET | United Kingdom
HM Treasury and the Bank of England have joined forces to create a Central Bank Digital Currency (CBDC) Taskforce to coordinate ...

UK data watchdog looks into data breach at Facebook

Published 08 Apr 2021 11:09 CET | United Kingdom
The UK's data watchdog is reviewing a data breach at Facebook after the social media company said the data of 11 million UK users ...

Cryptomunt Facebook omgedoopt van Libra in 'Diem'

Published 02 Dec 2020 13:31 CET | World
De toekomstige cryptomunt van Facebook zal in de toekomst door het leven gaan onder de naam 'Diem', het Latijnse woord voor ...

Facebook sets up new payments division

Published 12 Aug 2020 15:04 CET | World
Facebook set up a new division focusing on payments and commerce opportunities and headed by David Marcus who is already in ...

Facebook renames Calibra digital wallet as Novi

Published 27 May 2020 12:36 CET | World
Facebook announced the new name of Novi for its digital payments wallet. Plans for the wallet were first announced almost a year ...

Facebook revises Libra plans, to support other currencies as well - report

Published 04 Mar 2020 09:46 CET | World
Facebook is revising its plan for a new digital currency, adding support for standard forms of payment such as the dollar and ...

Facebook buys Israeli bot start-up Servicefriend for Libra service

Published 23 Sep 2019 10:03 CET | Israel
Facebook has acquired Israeli AI bot start-up Servicefriend although no financial details about the takeover have been provided, ...