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Could someone shed some light on the Facebook Settlement for me? I’ve heard murmurs about it, but I’m eager to understand what it’s all about in detail. How does it impact us, the Facebook users? I’m all ears for any explanations or insights you might have. Thanks a bunch, in advance for sharing your knowledge!
Facebook Settlement: What You Need to Know
A recent settlement has been reached between Meta Platforms, formerly known as Facebook, and plaintiffs in a class action lawsuit. If you were a Facebook user in the U.S. between May 24, 2007, and December 22, 2022, you’re part of this settlement.
Background of the Facebook Privacy Lawsuit
The Facebook privacy lawsuit stems from concerns about how Facebook handles user data. Following incidents like the Cambridge Analytica scandal, where user data was improperly accessed, Facebook faced numerous legal battles and investigations regarding its privacy practices.
Facebook Settlement Payout Date
The $725 million privacy settlement was approved on October 23. Claimants can expect their settlement payments soon. While initially due within 30 days of the decision, distribution was delayed. Now, it’s anticipated in February or March 2024.
Who Qualifies for Payment?
Eligible claimants are U.S. Facebook users from May 24, 2007, to December 22, 2022. However, the deadline to claim settlement compensation was August 2023.
Exclusions from Settlement
Certain individuals are excluded from the settlement class, including those who choose to stay out, legal representatives, and court staff involved in mediation.
Facebook Settlement Amount
Meta has set aside $725 million for the settlement fund. The amount claimants receive depends on factors like their length of Facebook use during the eligibility period. The estimated payout is $30 per person.
Checking Your Settlement Status
To check your claim status, visit the online portal provided by the Settlement Administrator or contact the toll-free number: 1-855-556-2233.
Conclusion
Facebook Privacy Settlement funds are expected to be disbursed in February or March 2024. Claimants should stay updated for payment notifications.