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Home Business

Facebook users have days left to file claim for share of $725M settlement

INBV News by INBV News
August 22, 2023
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Facebook users have days left to file claim for share of $725M settlement
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The deadline is coming near for eligible claimants to file for his or her share of a $725 million payout to Facebook users, with only a handful of days remaining to take motion.

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Individuals who used Facebook within the U.S. between May 24, 2007, and December 22, 2022, could qualify for a slice of the cash, which Facebook parent company Meta agreed to pay earlier this yr to settle a lawsuit alleging the platform shared users’ data without their consent.

To be eligible, users should have resided in America throughout the entirety of that point. The last day to file a claim is that this Friday, Aug. 25.

The case stems from 2018 revelations that Cambridge Analytica, a firm with ties to former President Donald Trump’s political strategist Steve Bannon, had paid a Facebook app developer for access to the private information of roughly 87 million users of the platform.

That data was then used to focus on U.S. voters throughout the 2016 campaign that ended with Trump winning the White House.

Anyone who used Facebook in the U.S. between May 24, 2007, and December 22, 2022, could qualify for a slice of the money.Anyone who used Facebook within the U.S. between May 24, 2007, and December 22, 2022, could qualify for a slice of the cash.REUTERS

Meta agreed to settle the suit in December and has expressly denied any liability or wrongdoing.

It just isn’t yet known how much money individual users may receive as a part of the payout, because it would be depending on how many individuals submit valid claims and the way long a user was on Facebook throughout the period. 

Users who’re eligible are routinely a component of the settlement unless they decide to opt out and receive no payment, which might allow them to sue or be a component of one other lawsuit related to the allegations.

Meta agreed to pay users earlier this year to settle after a lawsuit alleged that the platform shared users' data without their consent.Meta agreed to pay users earlier this yr to settle after a lawsuit alleged that the platform shared users’ data without their consent.REUTERS

Qualified Facebook users who take no motion is not going to receive a payment and can quit the fitting to sue, proceed to sue or be a component of one other lawsuit related to the claims.

The eligible funds is not going to be released until after a court decides to approve the settlement. A final hearing is scheduled for Sept. 7.

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