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Claim Your Share of $725 Million in Facebook Data Privacy Settlement – Here’s How!

by Sneha Singh
April 20, 2023
in Tech
Reading Time: 3 mins read
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Facebook users who had an active account between May 2007 and December 2022 now have the opportunity to apply for a portion of Meta’s $725 million settlement related to the infamous Cambridge Analytica scandal. Meta, the parent company of Facebook, agreed to this settlement in December to resolve a long-standing class action lawsuit that accused the company of allowing unauthorized access to private user information by Cambridge Analytica and other third parties, as well as misleading users about its privacy practices.

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The legal battle that led to this settlement began four years ago when it was revealed that Cambridge Analytica, a data analytics firm, obtained the private information of as many as 87 million Facebook users without their consent. This revelation sparked an international outcry and raised serious concerns about data privacy and security on social media platforms. Users were outraged and demanded accountability from Facebook for failing to protect their personal information.

After years of legal proceedings, the California judge overseeing the case granted preliminary approval of the settlement late last month, paving the way for Facebook users to now apply for a cash payment. This presents an opportunity for affected users to receive compensation for the breach of their privacy and the mishandling of their data.

How to Participate in the Facebook Settlement?

It’s important to note that the settlement is a significant step towards addressing the concerns raised by the Cambridge Analytica scandal. However, it does not absolve Facebook or Meta from protecting user data and ensuring robust privacy practices moving forward. It serves as a reminder for all social media platforms to prioritize user privacy and security and to be transparent about their data handling practices.

Claim Your Share of $725 Million in Facebook Data Privacy Settlement - Here's How!
Credits: SFGate

For eligible Facebook users who wish to participate in the settlement, applying for a cash payment is straightforward. Users can visit the designated settlement website, provide the necessary information, such as their Facebook account details and the timeframe of their account activity, and submit their application. The exact amount of compensation that each user may receive will depend on various factors, including the number of eligible claimants and the court’s final approval of the settlement.

Facebook users in the United States who had an active account between May 24, 2007, and December 22, 2022, may be eligible to participate in a settlement class as part of a claim form. The claim form, which can be completed online or printed and submitted by mail, requires personal details and information about the user’s Facebook account. Users who have since deleted their accounts may still be eligible to participate. The deadline for submitting the claim form is August 25, and it only takes a few minutes to complete. This provides a convenient opportunity for eligible users to benefit from the settlement.

Meta’s Response to Cambridge Analytica Incident: Changes Made and Settlement Update

The specific amount of each settlement payment is still uncertain. The fund will be divided among class members who submit valid claims based on their active Facebook account duration during the relevant period. The settlement site’s frequently asked questions page provides more information.

The final approval hearing for the settlement is scheduled for September 7. If there are no appeals, the court’s approval will trigger the distribution of settlement payments.

It’s worth noting that Meta, formerly known as Facebook, has not admitted any wrongdoing as part of the settlement. However, they have made changes following the Cambridge Analytica incident, such as restricting third-party access to user data and improving communication with users regarding data collection and sharing practices.

“We pursued a settlement as it’s in the best interest of our community and shareholders,” Meta spokesperson Dina Luce said in a statement following the December settlement agreement. “Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program. We look forward to continuing to build services people love and trust with privacy at the forefront.”

Tags: compensationData Privacy SettlementDina LucefacebookMeta
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Sneha Singh

Sneha is a skilled writer with a passion for uncovering the latest stories and breaking news. She has written for a variety of publications, covering topics ranging from politics and business to entertainment and sports.

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