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The Facebook settlement payout, largely the result of a $725 million settlement agreement, is the culmination of a long legal battle over user privacy violations. Here are the important details you need to know about this settlement:
Background and Settlement Details
The lawsuit against Facebook stems from the Cambridge Analytica scandal, where the data of approximately 87 million users was improperly shared. This data was used to create detailed voter profiles during the 2016 US presidential election. Following the scandal, several lawsuits were consolidated into a single class-action lawsuit, which led to a settlement agreement in December 2022.
Eligibility and Claims
To be eligible for the payout, you must be a US resident and a Facebook user between May 24, 2007 and December 22, 2022. Claims had to be submitted by August 25, 2023. A total of 28 million claims were submitted, the U.S. This is the largest number of claims in a class action.
Approval and Payout Process
US District Judge Vince chhabria gave final approval to the settlement on October 10, 2023. However, the disbursement of funds has been delayed due to appeals. Once these appeals are resolved, payments will be disbursed. The timeline for these payments is still uncertain, but it is estimated that payouts could begin as early as 2024.
Expected Payout
The average payout is expected to be around $30 per claimant, although this amount can vary based on how long and how actively users have been on Facebook during the qualifying period. The final amount each user receives will depend on the total number of valid claims and fees deducted for legal and administrative costs.
Denials and Appeals
Of the millions of claims, about 500,000 have been rejected so far. If your claim was denied, you should have received an email notification. Rejected claimants have 10 days to appeal the decision through the settlement website.
Delivery Methods
Approved claimants can choose to receive their payments through a variety of methods, including PayPal, Venmo, Prepaid MasterCard, Zelle, or a physical check. It is important to keep an eye on your chosen payment method for any updates regarding your payout.
Importance
This solution is not just for financial compensation. This represents an important step in holding big tech companies accountable for their data privacy practices. It also serves as an example of how user data should be protected and the potential consequences of its mishandling.
For latest updates and to check the status of your claim, you can visit the official settlement website at facebookuserprivacysettlement.com.
The settlement highlights ongoing issues and legal challenges surrounding digital privacy and user data protection in the age of social media.
How Much Did Facebook Payout In Canada?
Facebook, via Meta, agrees to $51 million CAD settlement in Canadian class-action lawsuit. The lawsuit addresses the unauthorized use of users’ names and images in “Sponsored Stories” ads between 2011 and 2014. The settlement includes residents of British Columbia, Saskatchewan, Manitoba and Newfoundland and Labrador who were Facebook users at the time.
How To Claim Facebook Settlement In Canada?
To claim the Facebook settlement in Canada, eligible residents of British Columbia, Saskatchewan, Manitoba, and Newfoundland and Labrador should wait for settlement approval in March 2024. After approval, an online form will be available to submit your claim. Stay updated with announcements from MNP Ltd., the court-appointed administrator.