"The proposed settlement of $725,000,000 is the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action," lawyers for the plaintiffs said in the filing.
SAN FRANCISCO, United States —Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data."The proposed settlement of $725,000,000 is the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action," lawyers for the plaintiffs said in the filing.
"We pursued a settlement as it's in the best interest of our community and shareholders," Meta spokesperson Dina El-Kassaby Luce said in a statement. "Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program." The lawsuit was initiated in 2018, when Facebook users accused the social network of violating privacy rules by sharing their data with third parties that included the British firm Cambridge Analytica, which had been linked to Donald Trump's 2016 presidential campaign.
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Facebook parent Meta to settle Cambridge Analytica scandal case for $725 millionThe proposed settlement 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.
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Facebook parent Meta to settle Cambridge Analytica scandal case for $725MFacebook owner Meta Platforms Inc 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. | Reuters
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