Facebook agrees to pay $725 million to settle privacy lawsuit
Federal authorities fined Facebook $5 billion in 2019 for misleading its users and exercising liberal controls over its processing of personal data.
Facebook parent company Meta has agreed to pay $725 million to settle a long-running lawsuit accusing social network Cambridge Analytica of allowing third parties to access private user data.
The amount was announced at a court hearing on Thursday night.
“The proposed settlement of $725 million is the largest recovery ever in a data privacy class action lawsuit and the largest amount Facebook has ever paid to settle a private class action lawsuit,” the plaintiffs’ attorneys said. said in the filing.
Facebook has pleaded not guilty to any wrongdoing as part of the settlement, which still needs to be upheld by a U.S. District Judge in San Francisco.
In August, Facebook reportedly struck a preliminary deal, though the amount and terms of the deal were not disclosed at the time.
The lawsuit began in 2018 when Facebook users accused Facebook users of violating privacy laws by sharing their data with third parties, including British firm Cambridge Analytica, which was associated with Donald Trump’s 2016 presidential campaign.
The lawsuit claims that Cambridge Analytica, which has since been shut down, collected and used the personal data of 87 million Facebook users without their consent.
This information is allegedly used to develop software to target US voters in favor of Trump.
Since then, Facebook has removed access to its data from thousands of suspected abusive apps, limited the amount of information available to developers, and made it easier for users to measure restrictions on sharing personal data. .
Federal authorities fined Facebook $5 billion in 2019 for misleading its users and exercising liberal controls over its processing of personal data.
Very good insightful article! I’m a freelance VA myself and it certainly has its ups and downs. However, even a normal 9to5 isn’t necessarily secure these days with all these recessions and people being made redundant all the time.An interesting article Toby, thanks for sharing.My industry – Chauffeur services – where many drivers are currently accepted as being self employed could be similarly impacted….Hi ThereI’d be interested in finding out about sponsorship opportunities for your event, ‘Imagining the Future – GuildHE Annual Conference 2019’.Please could you advise?Many thanksAbbyMarketing & Comms Manager / IDP ConnectAs one who leans towards addictions that are detrimental to my life, and who avoids these choices because I believe my life is better lived without this detrimental dynamic, I find this article very interesting. Professor Edwards says *education doesn’t work, but *high prices prevents access to legal drugs (caffeine, alcohol) therefore harming fewer people. I hope people can be educated as they aspire to change for the better; Alcoholics Anonymous has helped so many on the premise, as I understand it, that one *can decide to change, put efforts towards this goal, and have a better life because of this process. Thank you for posting this article.Excellent web site. A lot of useful info here.I’m sending it to several pals ans also sharing in delicious.And obviously, thank you to your sweat!Update – the E.A. website now has pdfs of articles from 2002 to 2015. (I hope they will add earlier editions soon)