"Claim Your Share: Facebook's $725 Million Settlement Deadline Approaching"

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Source: CNBC
"Claim Your Share: Facebook's $725 Million Settlement Deadline Approaching"
Photo: CNBC
TL;DR Summary

Facebook users have until August 25 to apply for their share of a $725 million settlement over the social network's privacy violations, stemming from the Cambridge Analytica scandal. The settlement, signed in December 2022, marked the largest class action settlement of its kind. In addition to the settlement, Facebook's parent company, Meta, paid a $5 billion settlement to the Federal Trade Commission and $100 million to the Securities and Exchange Commission. Users can make a claim by visiting Facebookuserprivacysettlement.com and providing their information. The settlement amount for each individual is yet to be determined based on the number of claims and the duration of their Facebook account usage.

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