Most people can collect Facebook class settlement money 2023

If you used Facebook between May 2007 and December 2022, you may qualify for a payout.

After the 2018 Cambridge Analytica incident, the class-action suit included a litany of other alleged Facebook data deals, saying that the platform broke the law by allowing third parties to access users’ personal material and information without their consent. By settling, Facebook admitted no wrongdoing and modified its user privacy rules.

Meta, Facebook’s parent corporation, will pay $725 million to settle a long-running case over personal data privacy.

The claims site requests contact information and a few Facebook account inquiries. This writer completed the claim in 3 minutes. Direct deposit possibilities include Venmo.

Claims are due Aug. 25 and should pay out after the settlement’s final hearing on Sept. 7. July 26 is the deadline to opt out of the settlement and sue Facebook for privacy claims.

How much will each settlement payout be? How many claims are submitted and how long a claimant has been on the platform determine that.

The FTC fined the corporation a record $5 billion for privacy abuses.

The settlement will give claimants “points” for each month they had an account between May 24, 2007, and Dec. 22, 2022, and then split the money (after lawyers’ fees of up to 25% and class representatives’ pay) based on those numbers.

The plaintiffs’ lawyers believe that 250 million to 280 million U.S. adults use Facebook and are eligible for payment in the settlement agreement, which was approved by a judge March 29. The lawyers agreed that it would be difficult to prove actual losses across the whole user base if the matter went to trial.

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About the Author: Sanjh Vishwakarma

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