SAN FRANCISCO: Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users’ private data.
The amount was disclosed in a court filing late on Thursday.
“The proposed settlement of $725,000,000 is the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action,” lawyers for the plaintiffs said in the filing.
Facebook has not admitted any wrongdoing as part of the settlement, which must still be approved by a judge in the San Francisco division of the US District Court.
Published in Dawn, December 24th, 2022
