SAN FRANCISCO – Meta Platforms has agreed to pay US$725 million to settle a long-running lawsuit that claimed FacebookIt’s “the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action,” the plaintiffs said in a court filing late Thursday.
The settlement brings Meta a step closer to resolving the 2018 suit brought by Facebook users after it was revealed that the UK research firm connected to Mr Donald Trump’s 2016 campaign for president gained access to the data of as many as 87 million of the social media network’s subscribers. The agreement requires the approval of a federal judge overseeing the suit.
Lawyers for the consumers had steadily gained leverage to pry into the company’s internal records to back up their claims that Facebook failed to safeguard their personal data. Facebook’s parent company could have been on the hook for hundreds of millions of dollars more had it gone to trial and lost the case.
Last month, Google agreed to pay a total of US$391.5 million to 40 US states to resolve a probe into controversial location-tracking practices in what state officials called the largest such privacy settlement in US history. Separately, a judge last month approved a US$90 million Meta deal to settle a suit over the use of browser cookies and Facebook’s “Like” button to track user activity.but no terms were revealed at the time.
Facebook had argued it disclosed its practices in user agreements. It had also said that anyone sharing their information on a social network shouldn’t count on holding onto their privacy. BLOOMBERG
straits_times will this millions be paid to the people / countries affected by CA?