Meta agrees to pay $725 million to settle Cambridge Analytica class action lawsuit
by James Vincent from The Verge - All Posts on (#674V4)
Illustration by Alex Castro / The Verge Facebook's parent company Meta has agreed to pay $725 million to settle a years-long class action lawsuit triggered by disclosures in 2018 that the company shared user data with consulting firm Cambridge Analytica that was used for political advertising.
The settlement (which can be read in full here, via Reuters) does not include an admission of wrongdoing on Meta's part, and will still have to be approved by federal judges in the Northern District of California, reports CNBC. The settlement document states that the $725 million fee is the largest ever in a data privacy class action case, as well as the most Facebook has ever paid to resolve a class action lawsuit.
The lawsuit was originally prompted by the Cambridge Analytica scandal,...