Facebook users in the United States have a golden opportunity to secure their portion of a whopping $725 million settlement, resulting from the infamous Cambridge Analytica scandal that shook Silicon Valley and the U.S. electoral process. The clock is ticking, and there’s only one month left for eligible users to apply and get their due compensation!
The landmark settlement, signed in December 2022, stands as the largest of its kind in class-action history, with Keller Rohrback, the renowned law firm, leading the charge. It marked the culmination of years of legal battles over Facebook’s involvement in illicit data sharing with a data consultancy firm utilized during Donald Trump’s 2016 presidential campaign.
The repercussions of the Cambridge Analytica scandal proved costly for Meta, Facebook’s parent company, to the tune of nearly $5.9 billion. Apart from the $725 million allocated for this settlement, the company also paid an unprecedented $5 billion to the Federal Trade Commission and an additional $100 million to the Securities and Exchange Commission.
If you had an active U.S. Facebook account between May 2007 and December 2022, you have until August 25th to file your claim. The settlement payouts will be based on the number of users who submit claims and the duration of each user’s Facebook account activity.
Don’t let this opportunity slip away! Make your claim now by visiting Facebookuserprivacysettlement.com and providing your essential details, such as name, address, email, and confirmation of residence in the U.S. during the specified dates.
In a significant pivot, Facebook underwent a rebranding in 2021 and emerged as Meta. Today, the company bears little resemblance to its past self during the Cambridge Analytica scandal. It has since ventured into the metaverse with innovative hardware products like the highly anticipated Quest 3, set to release this fall. Additionally, Meta has introduced groundbreaking initiatives such as the Llama 2 large language artificial intelligence model, Reels to rival TikTok, and the recent Threads, poised to take on Twitter.
The Cambridge Analytica breach compelled Facebook founder Mark Zuckerberg to testify before Congress and publicly apologize for the company’s missteps. In a full-page advertisement, he expressed regret, saying, “I’m sorry we didn’t do more at the time. We’re now taking steps to ensure this doesn’t happen again.”
Remember, the $725 million settlement does not constitute an admission of wrongdoing. However, it does offer a chance for affected users to be compensated for the privacy violations they experienced. Don’t miss this time-sensitive opportunity to claim your rightful share!
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