Meta agrees to pay $725 million to settle lawsuit over Cambridge Analytica data leak | CNN Business

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Facebook parent company Meta has agreed to pay $725 million to settle a longstanding class action lawsuit accusing it of allowing Cambridge Analytica and other third parties to access private user information.

The proposed settlement would end the legal battle that began four years ago, shortly after the company disclosed that the private information of as many as 87 million Facebook users was obtained by Cambridge Analytica, a data analytics firm that worked with the Trump campaign. The data leak sparked an intense international scandal for Facebook, drawing the scrutiny of regulators on both sides of the Atlantic.

We look forward to continuing to build services people love and trust with privacy at the forefront.” Meta did not admit wrongdoing as part of the settlement. In the motion to approve the settlement, the users who brought the suit pointed to changes Facebook has made in the wake of the Cambridge Analytica breach, including restricting third-party access to user data and improving communications to users about how their data is collected and shared.

 

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Did Zuckerberg have a fake chin extension installed?

We can thank carolecadwalla amongst the group of journalists that exposed CA and FB doing this 👏

Good

Settling means you admit guilt. That money should go to those that were impacted.

The amount of data they take from people-sell and profit unreal. Insane and disgusting. People lives are their own nft crypto and they steal it and sell it without the person knowing. Would love to get back what they took. Humanity needs some restitution from all the sacrifices

Delete the data. Yeah, they need to be finned but they need to be forced to delete the data. They never have.

How About Developing countries?

I having a feeling we're going to see a lot more of this stuff in the future. twitterfiles has opened a can of worms for all these huge social media companies.

Must be nice 👍 To have money 💰

Get the money from Rump! Rump benefitted from the illegal information! He’s got hundreds of millions in Minion Money stashed away!

Small price to pay for allowing the most disgusting traitorous company in the world operate their “magic”.

That's like paying Gas & Electric to a commoner, how about a real meaningful fine?

$725 million seems pretty cheap for ruining at least 2 countries with obvious lies.

Seeing user data got stolen that money should go to the users.

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