The $725 million that Meta paid to settle a class action lawsuit over the Cambridge Analytica data issue is now available to United States Facebook users who had an active account between May 2007 and December 2022.
Diversify Payment Options
Through August 25th, claims can be made on the Facebook User Privacy Settlement page. Users who want to get a reimbursement from Facebook must choose a payment option and provide information such as name, address, phone number, and details about their Facebook account. PayPal, Venmo, Zelle, and a prepaid Mastercard are available as payment methods.
Although it is unknown how much each claimant will receive, it is likely to be a minimal amount considering the number of Facebook users, legal costs, and the fact that Meta only paid $725 million. The payout will vary according to the number of Settlement Class Members who file claims and the amount of time each user spent on Facebook during the relevant period as specified in the lawsuit.
Alter Privacy Policies
In the wake of the Cambridge Analytica revelations in 2018, Facebook was the target of numerous lawsuits. The business was charged with illegally disclosing user information as well as information about users’ acquaintances. Without any control from Facebook, the data was made available to third-party app developers, business partners, advertisers, and data brokers.
One of the businesses that gathered data from tens of millions of Facebook users and used it to produce targeted political adverts was the data firm Cambridge Analytica.
With the settlement, Meta claimed that it had done nothing wrong and that no laws had been broken. To avoid the expenses and dangers of a trial, both parties decided to reach a settlement. Facebook altered its data privacy policies as a result of the incident to better safeguard user data.