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Cambridge Analytica

All articles tagged with #cambridge analytica

business6 months ago

Meta Investors and Zuckerberg Settle $8bn Facebook Privacy Lawsuit

A settlement was reached in a class action lawsuit against Meta and its leaders, including Mark Zuckerberg, over privacy violations related to the Cambridge Analytica scandal. The lawsuit sought billions in damages for failing to disclose risks and violating a 2012 FTC consent order, which led to significant fines and settlements. The details of the settlement were not disclosed, and Meta did not comment.

technology6 months ago

Meta Executives Face $8B Privacy Lawsuit Over Facebook Data Breaches

A class action lawsuit against Meta CEO Mark Zuckerberg and other company leaders has begun, alleging that Meta misled investors about privacy risks related to the 2018 Cambridge Analytica scandal, violating a 2012 FTC consent order and resulting in over $8 billion in legal and settlement costs. The trial includes testimonies from privacy experts and former Facebook executives, with a ruling expected in the coming months.

business6 months ago

Meta Executives Face $8 Billion Lawsuit Over Privacy Scandals

Meta CEO Mark Zuckerberg and other executives are being sued for $8 billion over their alleged role in the 2018 Cambridge Analytica scandal, which involved mishandling user data and violating FTC agreements. The lawsuit claims the company misled users, sold data to partners, and removed privacy disclosures, leading to significant fines and settlements. The trial is ongoing in Delaware, with key executives testifying, and a final decision is expected soon. Despite the lawsuit, Meta's stock is rated as a strong buy by analysts, with a target price near current levels.

business6 months ago

Meta Faces Legal Battle Over Privacy Scandals and Corporate Governance

Meta shareholders are suing CEO Mark Zuckerberg, Sheryl Sandberg, and other executives in a Delaware court, alleging they failed to prevent privacy violations like the Cambridge Analytica scandal, resulting in over $8 billion in settlements. The case focuses on breaches of fiduciary duties related to the 2012 FTC consent order and ongoing regulatory scrutiny of Meta's data practices.

business1 year ago

Supreme Court Allows Multibillion-Dollar Lawsuit Against Meta Over Data Breach

Meta Platforms Inc. is facing a multibillion-dollar lawsuit after the U.S. Supreme Court dismissed its appeal related to the Cambridge Analytica data scandal. The dismissal could lead to a settlement as large as $2 billion, with Meta accused of misleading shareholders about the risks of the scandal, which involved unauthorized use of data from over 30 million users. This legal challenge adds to Meta's recent setbacks, including lawsuits over its platforms' impact on teenage mental health.

technology2 years ago

"Last Chance to Claim Facebook Settlement Payment for Users from 2007-2022"

Facebook users who had an account between 2007 and 2022 have two days left to file a claim for their portion of a $725 million privacy settlement. The settlement was reached after a lawsuit alleged that personal information of millions of users was given away, with the data being sold to Cambridge Analytica. The information was then used to target voters during the 2016 election. The amount each person will receive is unknown, and distribution of payments is pending final court approval and potential appeals.

technology2 years ago

"Facebook Users in the US Eligible for $725 Million Settlement Claim"

US Facebook users have until Friday to claim their share of a $725 million lawsuit settlement. The class action lawsuit accused Facebook of allowing Cambridge Analytica and other third parties access to personal user information without consent. Facebook's parent company, Meta, denies wrongdoing but reached a settlement in December 2022. Users who used Facebook between May 24, 2007, and December 22, 2022, can apply for a share of the settlement, with applications closing on Friday. Exclusions include Facebook employees, legal representatives, and alleged co-conspirators. The payout is estimated to be around $2-3 per user.

technology2 years ago

"Deadline Approaching: Claim Your Share of $725M Facebook Settlement Now!"

Facebook users in the U.S. have only a few days left to file a claim for a share of the $725 million settlement. The settlement is a result of a lawsuit alleging that Facebook shared users' data without their consent, stemming from the Cambridge Analytica scandal. Eligible users must have resided in the U.S. between May 24, 2007, and December 22, 2022. The amount each user will receive is uncertain and will depend on the number of valid claims. Users who take no action will not receive a payment and will give up the right to sue. The final hearing for approval of the settlement is scheduled for September 7.

technology2 years ago

"Maximizing Your Facebook Settlement Claim: A Step-by-Step Guide"

Facebook users in the United States have until Friday to apply for their share of a $725 million privacy settlement that Meta, Facebook's parent company, agreed to pay. The settlement is related to a scandal involving Cambridge Analytica, which gained access to the personal data of millions of Facebook users. Users who had a Facebook account between May 24, 2007, and December 22, 2022, are eligible to claim money from the settlement, even if they have since deleted their account. Claims can be submitted online or by mail, and the distribution of payments will begin after the final hearing for approval on September 7.

technology2 years ago

Don't Miss Out: Claim Your Share of Facebook's $725M Settlement Now!

Facebook users have a few days left to claim their share of a $725 million class action lawsuit settlement. The settlement resolves claims that Facebook improperly shared user data with third-party purchasers, including the British firm Cambridge Analytica. Eligible US residents who had Facebook accounts between May 24, 2007, and December 22, 2022, can apply for a one-time payment. The amount each claimant will receive is yet to be determined and will depend on factors such as eligible time on the platform and the number of applicants. The deadline for submitting claims is August 25, 2023.

technology2 years ago

"Last Chance to Claim Your Share of $725 Million Facebook Settlement"

Facebook users have one week left to file a claim in the class action lawsuit against the social media company, which agreed to pay $725 million to settle claims of allowing personal data to be shared with third parties. The deadline to file a claim is August 25, 2023, and eligible users may receive a cash payment based on the duration of their Facebook account activity. The number of claims submitted will determine the individual payment amounts, and a final settlement hearing is scheduled for September 7, 2023. Users can file a claim online or by mail.

technology2 years ago

"Time is running out to claim your share of $725M Facebook settlement"

Facebook users in the United States have one week left to file claims for payment in a $725 million data privacy settlement. The settlement resolves class action lawsuits alleging that Facebook allowed third parties to access users' private data without permission, including the data accessed by Cambridge Analytica. The amount each user will be paid depends on factors such as the number of valid claims and the length of time they were active Facebook users. The deadline to file a claim is August 25, and payments will be distributed after a final approval hearing, with the possibility of delays due to appeals. Users who join the settlement class and claim a payment will no longer be able to sue Facebook for covered matters.

technology2 years ago

Deadline Approaching: File Your Claim Now for Facebook's $725 Million Data Privacy Settlement

Facebook users in the United States have one week left to file claims for payment in a $725 million data privacy settlement. The settlement resolves class action lawsuits alleging that Facebook allowed third parties to access users' private data without permission, including the data accessed by Cambridge Analytica. The amount each user will be paid depends on factors such as the number of valid claims and the length of time they were active Facebook users. The deadline to file a claim is August 25, and payments will be distributed after the settlement is approved and any appeals are resolved. By joining the settlement class and claiming a payment, users give up their right to sue Facebook for covered matters.