"We pursued a settlement as it's in the best interest of our community and shareholders," a company spokesperson said at the time. We're now taking steps to ensure this doesn't happen again," Zuckerberg said.įacebook rebranded itself as Meta in 2021 and settled the class-action suit the following year. "I'm sorry we didn't do more at the time. The breach forced Facebook founder Mark Zuckerberg to testify before Congress and to take out full-page ads where he apologized for the missteps. Individual settlement payments haven't yet been established because payouts depend on how many users submit claims and how long each user maintained a Facebook account.Ĭambridge Analytica was a British political consultancy used by the presidential campaign of Donald Trump and by Sen. Facebook account between May 2007 and December 2022 have until Aug. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower CNN Sans ™ & © 2016 Cable News Network.Best Debt Consolidation Loans for Bad Credit Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account ![]() We look forward to continuing to build services people love and trust with privacy at the forefront.” “Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program. ![]() “We pursued a settlement as it’s in the best interest of our community and shareholders,” Meta spokesperson Dina Luce said in a statement following the December settlement agreement. Facebook has made changes in the wake of the Cambridge Analytica incident, including restricting third-party access to user data and improving communications to users about how their data is collected and shared. Meta did not admit wrongdoing as part of the settlement. Settlement payments will be distributed after the court’s approval, assuming there are no appeals. The fund will be distributed to class members who submit valid claims based on how long they had an active Facebook account during the relevant period, according to a frequently asked questions page on the settlement site.Ī final settlement approval hearing is set for September 7. ![]() It’s not yet clear how much each settlement payment will be. The form takes only a few minutes to complete and must be submitted by August 25 to be included as part of the settlement.Īny US Facebook user who had an active account sometime between May 24, 2007, and December 22, 2022, is eligible to be part of the settlement class, including those who have since deleted their accounts. The claim form - which requires a few personal details and information about a user’s Facebook account - can be filled out online or printed and submitted by mail. ![]() Meta agrees to pay $725 million to settle lawsuit over Cambridge Analytica data leak In this file photo taken on Facebook CEO Mark Zuckerberg speaks during the annual F8 summit at the San Jose McEnery Convention Center in San Jose, California.
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