Facebook users who had an active account between May 2007 and December 2022 are entitled to receive part of the massive settlement.
The lawsuit cost Meta nearly $5.9 billion to be paid to the Federal Trade Commission, $100 million to the Securities and Exchange Commission, and $725 million to anyone who held a Facebook account between May 2007 and December 2022. The exact amount each person will be paid cannot be determined until all eligible Facebook users sign up according to the settlement.
Under the previous version of the settlement, only users whose accounts are currently active were eligible to file a claim, but the parameters were expanded in May to include accounts that have since been deleted.Meta has not admitted to any wrongdoing as part of the settlement which accuses Cambridge Analytica of sharing Facebook’s data with third parties.
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