Facebook parent Meta has agreed to pay $725 million (over P40 billion) to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data. | via philstarlife
has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data."The proposed settlement of $725,000,000 is the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action," lawyers for the plaintiffs said in the filing.
It was reported in August that Facebook had reached a preliminary agreement, although the amount and terms of the settlement were not announced.
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