Facebook users have less than a month left to claim their share of a $725 million

Act now! Facebook users have less than a month left to claim their share of a $725 million privacy violation settlement.

Attention Facebook users! The clock is ticking, and you have just one month left to take action and sign up to receive your share of Meta’s $725 million settlement for privacy violations reported at Thehill. This settlement is a result of legal actions taken against Facebook (now known as Meta) for breaches in user privacy. If you believe you may be eligible for compensation, act promptly and file your claim before the deadline expires. Don’t miss out on this opportunity to secure your portion of the settlement. Act now and ensure you get what you deserve!

 Facebook users have less than a month left to claim their share of a $725 million
IMg : ThoughtCo

Back Story

In 2018, a significant scandal came to light when it was exposed that Facebook had permitted Cambridge Analytica, a data analytics firm, to access and utilize the personal data of millions of its users without their explicit consent, as reported by The Verge.

The disclosure triggered widespread apprehension regarding user privacy and data protection on social media platforms, resulting in investigations, legal actions, and calls for more stringent regulations to ensure the security of users’ personal information.

In response to the controversy and legal actions taken against the company, Facebook faced a proposed class action lawsuit. The plaintiffs in this lawsuit claimed that Facebook’s actions violated consumer privacy laws by sharing users’ personal data without proper authorization.

The case aimed to represent affected users seeking compensation for privacy rights violations. The Cambridge Analytica scandal highlighted the importance of safeguarding user data and sparked discussions on stronger privacy regulations in the digital age.

As a resolution to the legal dispute, in December 2022, the company reached a settlement of $725 million with Keller Rohrback. This substantial sum will be distributed among U.S. Facebook users who were active between May 24, 2007, and December 22, 2022.

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Additionally, the company faced significant fines, paying $5 billion to the Federal Trade Commission and an extra $100 million penalty to the Securities and Exchange Commission reported at bloomberg.

Act now! Facebook users have less than a month left to claim their share of the $725 million privacy violation settlement. Don’t miss the opportunity to participate in the claim process and secure your rightful portion of the settlement.

The $725 million settlement may not result in significant individual payouts as it will be divided among millions of claimants. Payment amounts depend on claim submissions and active account duration within the eligible period (May 2007 to December 2022).

The claim submission deadline is August 25 as per abcnews, and the process can be done online at facebookuserprivacysettlement.com. However, the final approval from a judge is needed, expected in early September, and payments may be distributed at the end of this year or the next

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Facebook’s founder Mark Zuckerberg proactively published apologies in full-page ads in major British and American newspapers reported by cnn after the Cambridge Analytica scandal. Through the ads, Zuckerberg openly acknowledged the “breach of trust,” expressing remorse and demonstrating accountability. The public statement aimed to regain users’ trust by taking responsibility for the incident and committing to improve privacy measures.

Meta denied wrongdoing in the settlement, claiming data was legally obtained by psychologist Aleksandr Kogan for academic use. However, Kogan allegedly shared it with third parties, including Cambridge Analytica, violating Facebook’s policies reported at (CNBC). But again according to nbcnews Kogan is not agree with Mark and said it was business as usual.

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