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Home  /  Breezy Explainer  /  Facebook privacy settlement: Facebook likely owes you money: Here’s how you can claim it

Facebook privacy settlement: Facebook likely owes you money: Here’s how you can claim it

by KS Arpitha
April 18, 2023
in Breezy Explainer, Money, Technology
Reading Time: 2 mins read
Facebook privacy settlement: Facebook likely owes you money: Here's how you can claim it

Facebook is accused of sharing user data without consent. Its parent company Meta agreed to pay a total of $725 million to its users. Here’s how you can claim if the social media giant wronged you.

Meta agreed to pay $725 million to its users for sharing their data without consent

Meta, Facebook’s parent company agreed to pay $725 million to its users for sharing their data without consent. Several lawsuits are alleging Facebook of sharing users’ and their friends’ data without seeking permission. It also claims the platform did not monitor third parties with access to users’ data. They were consolidated into a class-action lawsuit. While the firm denied all allegations, it agreed to settle the lawsuit, it agreed to pay the settlement money.

Previously in April 2018, the platform revealed the improper sharing of user data belonging to 87 million with Cambridge Analytica, a British political consultancy.

“In total, we believe the Facebook information of up to 87 million people — mostly in the US — may have been improperly shared with Cambridge Analytica,” Facebook’s then chief technology officer Mike Schroepfer had said.

Facebook privacy settlement: Are you eligible for the settlement claim?

As per a report by Fast Company magazine, users can claim a part of the settlement amount if they meet some conditions. Eligible users can claim if they were using the platform between May 24, 2007, and December 22. However, only those who reside in the US or were residing in the US during the mentioned time are eligible for the claim. Additionally, the users who no longer have an account on the platform but were using their account during the time are eligible for the claim.

The claim must be made by filling out an online form before August 25, 2023. Users eligible for the settlement money must share their name, phone number, address, country of residence, and email address. Additionally, it is important to choose a payment method for the transfer.

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