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A settlement worth $725 million is due from Facebook to some of its users, so the social networking platform can compensate them for the leakage of their personal data at one point in the past. 

Did you use Facebook between May 24th, 2007, and December 22nd, 2022? If you did, you could get a share of the pie. You can be one of those who can receive payment from Facebook from its $725 million settlement. Here’s the news and the details about how to claim it. 

From the 2018 Cambridge Analytica scandal

Meta, Facebook’s parent company, has agreed to pay $725 million in settlement for a long-contested lawsuit over personal data privacy on the social networking platform. 

The class-action lawsuit stems from the 2018 Cambridge Analytica scandal, which claimed that Meta had misused data from tens of millions of Facebook accounts by giving access to those data to third parties. 

“Facebook has allegedly known about Cambridge Analytica’s improper data collection since 2015 and failed to take action to stop the activity or notify users until March 2018,” Keller Rohrback, the law office working on the lawsuit, shared on its official website.

Cambridge Analytica had claimed previously that it had only collated data from around 30 million Facebook profiles. But, according to the law office, it may have collected information not just from about 30 million profiles but as many as 87 million Facebook users. 

Facebook admitted it did not do such a thing, so it agreed to the settlement and said it had already changed its user privacy practices.

Fill out information to claim your share

Before you can get your share, you must visit this website and submit a claim. 

Filling out the information only takes a few minutes, and some of the details that will be asked of you include your name; your address; your phone number; and whether you used Facebook from May 24th, 2007, to December 22nd, 2022, among many others.

Claims are due on August 25th and shall pay out after the final hearing of the settlement, scheduled this September 7th. You can opt out of the settlement and retain the rights to sue the social networking platform separately for any of the lawsuit’s privacy claims. The deadline for this is July 26th.

As for how much the payout will be for each individual who claimed the settlement, it depends on two things. First, the number of people who have submitted claims, and second, how long a claimant had an account on Facebook.

Moreover, the settlement will distribute “points” to claimants for each month they had an account between May 24th, 2007, and December 22nd, 2022, then divide up the money based on those figures – and of course, after lawyers’ fees which could be up to 25 percent and cash for the class representatives.

Looks like an opportunity? You can submit your claim now.

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