Facebook Users In Line For $725m Payout

Uploaded on 2023-04-24 in TECHNOLOGY-Key Areas-Social Media, FREE TO VIEW

Facebook users could receive a share of a multimillion $ pay out after a privacy lawsuit. Facebook users who had an account at any point from May 2007 to December 2022 can now apply for their share of parent company Meta’s $725m privacy settlement.

To collect a share of the settlement, users must fill out the claim form using the website before 25 August 2023 

 

Meta agreed to the payment in December following a four-year class action lawsuit that accused the tech company of allowing millions of its users’ personal information to be accessed by Cambridge Analytica, a data analytics firm that supported Donald Trump’s 2016 presidential campaign.

The process is quick and simple, and requires users, including those who have deleted their Facebook accounts, to provide their name, address, email, and phone number, as well as the email tied to their Facebook account and their Facebook username.

Additionally, users are required to choose their preferred method for receiving the payment, such as Zelle, Venmo or a prepaid Mastercard, and sign the claim form.

Facebook users who wish to submit the claim by mail can do so by printing the form and mailing it to: Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.

Individual payouts have not yet been established, as the amount will depend on the number of users who submit claims and how long each user had their Facebook account. In the fourth quarter of 2022, Facebook had roughly 2.96 billion monthly active users worldwide.

It is also not clear when users can expect the payment, but “Settlement payments will be distributed as soon as possible if the Court grants Final Approval of the Settlement and after any appeals are resolved,” says Facebook’s privacy settlement site.
 
The legal battle began in 2018 over revelations that Cambridge Analytica paid a Facebook app developer for access to the personal information of roughly 87 million users of the platform. The data was then used to target US voters during the 2016 campaign, which culminated in Trump’s election as the 45th president.

Although Meta denies the allegations Facebook’s founder Mark Zuckerberg previously testified in front of Congress, and said sorry for not doing “more at the time”.

Facebook:    Facebook:    Statista:   Independent:     Mirror:   Petapixel:   Washington Post:    CNBC: 

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