Facebook owner Meta Platforms Inc (META.O) has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information.
The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed the British political consulting firm Cambridge Analytica to access data of as many as 87 million users….
“This historic settlement will provide meaningful relief to the class in this complex and novel privacy case,”..
* I don’t the big victory. Settlement should have been in $Bs
After the lawyers take their cut each user may receive ~$5.
