Facebook To Pay $725 Million In Privacy Settlement:
Meta, the parent company of Facebook, has agreed to pay $725 million to settle a lawsuit over accusations that it granted Cambridge Analytica and other third parties access to private user data. The settlement resolves a case that alleged Meta misled users about the amount of control they had over their data. The proposed settlement also covers other cases where Facebook was accused of granting access to user data without their consent to third parties. The settlement is the largest ever achieved in a US data privacy class action case, according to lawyers for the plaintiffs.
Who is Eligible For a Payout From Facebook?:
If you are a US Facebook user who had an active account between May 24th, 2007 and December 22nd, 2022, you may be eligible for a portion of the settlement. To make a claim, users can submit their information online until August 25th, 2023, and select the payment method of their choice such as direct deposit, PayPal or a prepaid gift card. Alternatively, users can apply by mail by printing and filling out forms and then sending them to the settlement administrator in Pennsylvania.
Meta denies any wrongdoing but agreed to pay the settlement. In 2018, Cambridge Analytica, a now-defunct consulting firm that worked with former President Donald Trump’s campaign, accessed the private data of as many as 87 million Facebook users, thus prompting the lawsuit. Meta faced accusations that it granted Cambridge Analytica and other third parties access to private user data without consent. This settlement marks the most Facebook has ever paid to settle a class action lawsuit.
The $725 million settlement in the lawsuit against Meta highlights the importance of user privacy and data protection. Facebook users who had an active account during a specific period and whose data may have been accessed by third parties can submit their claims until August 25th, 2023. The proposed settlement is the largest ever achieved in a US data privacy class action case, and it underscores the growing concern for privacy and the need for stricter data protection laws.
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