Facebook has agreed to pay out $725 million total to claimants to resolve a class-action lawsuit over user data privacy. The deadline to submit a claim is Aug. 25.
FILE: Visitors take photos in front of the Meta sign at its headquarters in Menlo Park on Dec. 29, 2022.If you're one of the many people who used Facebook at some point between May 2007 and December 2022, you’re likely in for a payday — but you have to submit a claim.
Meta, the parent company of the Bay Area-based social network, has agreed to pay out $725 million to settle a long-contested lawsuit over personal data privacy on Facebook. The class-action suit began after the 2018 Cambridge Analytica scandal but eventually added a litany of other alleged Facebook data dealings, alleging that the platform broke the law by enabling third parties to access users’ personal content and information without users' authorization. Facebook admitted no wrongdoing by agreeing to the settlement and says it has changed its user privacy practices.
Claims are due Aug. 25 and should pay out after the settlement’s final hearing, which is scheduled for Sept. 7. The deadline toof the settlement and retain rights to separately sue Facebook for any of the suit’s privacy claims is July 26. How much will the settlement’s individual payouts be? That depends on two things: how many people submit claims and how long a claimant had an account on the platform. The settlement will distribute “points” to claimants for every month they had an account between May 24, 2007, and Dec. 22, 2022, and then split the money based on those numbers.
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