Facebook settlement payments coming soon: Here’s what to know
Facebook is issuing payments to users as part of a $725 million settlement regarding privacy misuse claims.Summary
Facebook, now Meta, is beginning to distribute payments to millions of users as part of a $725 million class action settlement. The lawsuit stemmed from allegations that Facebook improperly shared user data – including data about users’ friends – with third parties like app developers, advertisers, and data brokers without permission, and failed to adequately monitor their access. A particularly prominent case involved Cambridge Analytica, which accessed the data of approximately 87 million Facebook users and used it for political targeting during the 2016 U.S. presidential campaign. Users who filed claims are receiving notifications of approval and can expect payments within 3-4 business days. While the total settlement is $725 million, individual payments will vary based on the number of valid claims and the length of time each user was active on the platform between May 24, 2007, and December 22, 2022. Estimated payments range from $4.89 to $38.36, with an average of around $30. Meta stated it pursued the settlement in the best interest of its community and shareholders.
(Source：LiveNOW from FOX)