Judge Allows $725M Facebook Settlement. Here’s What You Need to Know

April 19th, 2023 – South San Francisco, CA

Recently, a judge approved a settlement agreement with Meta (Facebook’s parent company) valuing $725 million. This provides users of the social media platform an opportunity to apply and claim their share of the settlement.

The lawsuit concerned the sharing of users’ personal data with third parties, one of which being Cambridge Analytica, which supported Donald Trump during his run for the 2016 election. The firm harvested the data of as many as 87 million Facebook users according to the Associated Press

Although the settlement isn’t due to be approved until September, Facebook users are encouraged to file their claims now rather than wait for the official approval.

Who Qualifies

• Users of Facebook between May 24th, 2007 and December 22nd, 2020

• You did not need to be aware of the privacy leak

See the settlement page

Applying

• You are able to apply online or through the mail

• To file online, click here

• To file through the mail, complete and print these forms and mail them

• Submissions need to be made by August 25th, 2023

Compensation

• The longer you have been on Facebook, the larger the sum you will receive

• Attorney’s fees and other expenses will be deducted prior to you receiving any funds

• Your payment depends on how many claims are submitted

Payment Timeline

• A hearing is scheduled for September 7th, 2023 – no payments would be made prior to this final hearing

• The court will need to grant a final approval of the settlement only after pending appeals have been resolved

Source: https://thehill.com/homenews/nexstar_media_wire/3956560-judge-tentatively-oks-725m-facebook-settlement-how-to-apply-for-a-payout/