If you used Facebook between May 2007 and December 2022, you might be getting paid.
A $725 million settlement between Facebook parent company Meta and users who claimed the social media network enabled their data to be available to third parties without their consent received preliminary approval from a federal judge in California last month.
Although denying any wrongdoing or guilt, Meta in December agreed to settle the class action lawsuit brought in the wake of the 2018 Cambridge Analytica incident.
You don’t need to wait until after the settlement has been approved in its entirety to submit a claim. What you need to know about the settlement and how to cash in on the arrangement is provided below.
What made Facebook consent to shell out $725 million?
Accusations that Cambridge Analytica, a data company that assisted Donald Trump’s 2016 campaign, collected personal data on millions of Facebook users in order to target voters, gave rise to the privacy class action lawsuit.
The multiple complaints said that Facebook failed to oversee the use of user data and shared or otherwise made user data accessible to third parties without consent, including app developers, business partners, marketers, and data brokers.
Who is eligible for the settlement with Facebook?
The settlement class consists of all Americans who had a Facebook account between May 24, 2007, and December 22, 2022.
How am I paid?
Facebook Consumer Privacy User Profile Lawsuit, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103 is where you can submit a claim online or by mail using a paper form.
Online claims must be submitted by August 25 at 11:59 p.m. (PT), and mail-in claims must have an August 25 postmark.
How much money will I receive?
The number of persons who file legitimate claims and how long you used Facebook during the eligible period will determine the settlement payment amount.
The amount of the $725 million that remains after fees and expenditures are removed also affects how much money you’ll receive.
When should I anticipate receiving my payout from Facebook?
On September 7, the final approval hearing will take place. After the court gives final approval and any pending appeals are dismissed, claims should be paid out.