Meta, the parent company of Facebook, Messenger, Instagram, WhatsApp, and Meta Horizon, has agreed to a substantial settlement despite denying allegations. The settlement was reached to avoid the costs and risks of a trial, as reported on the settlement website. The lawsuit, which aimed to represent Facebook users in a class action, accused the company of breaching privacy and operating as a "data broker and surveillance firm" in addition to being a social network. Eligible users with accounts between May 24, 2007, and December 22, 2022, are encouraged to submit a claim by August 25, 2023. The payout for each user will depend on the number of claims and the duration of their account.
~$ 725,000,000
Est. value
Other
Chain
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Claim time
About Meta – Facebook Lawsuit
Facebook has agreed to settle the sandal lawsuit that accused the company of allowing Cambridge Analytica to access millions of users' personal information. The data was reportedly used to target U.S. voters during Donald Trump's 2016 presidential campaign. The settlement website will be set up to compensate affected users. The lawsuit, which aimed to be certified as a class action representing Facebook users, argued that the privacy breach showcased Facebook's roles as a "data broker and surveillance firm," in addition to being a social network.
Step-by-step guide
Visit the Facebook User Privacy Settlement Claim Form. The deadline for submitting this Claim is August 25, 2023. Submitting the claim is quick and straightforward, requiring contact details and brief Facebook account information. Enter at least 1 of the email address(es), phone number(s), and/or username(s) associated with your Facebook account between May 24, 2007, and December 22, 2022. Each Settlement Class Member may only file one claim. If you have/had multiple Facebook accounts, please file for the account you had the longest. The payout for each user will depend on the number of claims and account duration. “Points” are assigned for each month users had accounts between May 24, 2007, and December 22, 2022. Settlement funds, minus lawyers fees and class representative cash, are divided based on points.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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