Facebook has agreed to pay $725 million to settle a class-action lawsuit over its privacy practices.
The controversy revolves around the unauthorized sharing of users’ data with third parties, raising questions about the impact of this significant settlement.
During a court hearing on this lawsuit, it was revealed that 28 million claims had been filed before the August deadline. Among these, approximately 17 million claims have received preliminary validation, setting the stage for an extensive distribution process. However, the average user is only expected to receive about $30.
The settlement covers anyone in the United States who had a Facebook account between May 2007 and December 2022. The amount each user receives will be based on how long they had an active account.
The settlement still needs to be approved by a judge, but it is expected to go through. Once it is approved, payments will be issued to eligible users.
The sources for this piece include an article in Thehill.