April 20, 2023
As part of a settlement relating to the Cambridge Analytica incident, Meta, Facebook’s parent company, is compensating anyone who had active Facebook accounts between May 2007 and December 2022.
The class-action lawsuit was settled for $725 million in December 2022, following charges that Facebook enabled Cambridge Analytica and other third parties to obtain personal user data and misled consumers about its privacy standards.
The complaint was filed four years ago after Facebook announced that Cambridge Analytica had accessed up to 87 million users’ personal information. A California judge provided preliminary approval to the deal last month, allowing Facebook users to seek compensation as part of the settlement.
To be considered for the settlement, Facebook users in the United States must submit a claim form by August 25, either online or by printing and sending it. Accounts that have been removed are also eligible. The amount of the settlement payment is not yet known since monies will be distributed depending on the length of time each user had an active account throughout the relevant term.
If no challenges are filed, the final hearing for settlement approval will be held on September 7, and the money will be dispersed shortly thereafter.
The sources for this piece include an article in CNN.
