Meta Platforms Inc. has agreed to pay $725 million to settle a long-running lawsuit accusing Facebook of wrongdoing. Unlawfully sharing user data with research firm Cambridge Analytica.
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He is “Largest recovery ever in a data privacy class action lawsuit and largest amount Facebook has ever paid to settle a private class action lawsuitProsecutors said in a lawsuit late Thursday.
The agreement brings Meta closer to resolving a lawsuit filed in 2018 by Facebook users after the British research firm was revealed to be linked to Donald Trump’s presidential campaign on 2 September.016 gained access to the data of up to 87 million subscribers to the social network.
The settlement requires the approval of a federal judge overseeing the lawsuit. Consumer attorneys have been gaining weight to snoop into the company’s internal records and Support their claims that Facebook failed to protect their personal data.
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Facebook’s parent company could have had to pay hundreds of millions of dollars more if it had gone to trial and lost the case. “We made a deal because it’s what’s best for our community and our shareholdersMeta announced in an emailed statement.
“Over the past three years, we’ve revamped our approach to privacy and implemented a comprehensive privacy program. We look forward to continuing to build the services people love and trust with privacy first.”
Since the case has been filed, Facebook stop allowing third parties to access your users’ data through their friends, The plaintiffs said in the court filing detailing the settlement.
The company has also strengthened your ability to restrict and monitor how third parties obtain and use your Facebook user information, and improved its methods of informing users about the information Facebook collects and shares about them, according to the document.
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last month googleIt agreed to pay a total of US$391.5 million to 40 US states to resolve an investigation into controversial tracking practices, in what state officials have called the largest privacy settlement of its kind in US history.
On the other hand, a judge last month approved an agreement with Meta for US$90 million to settle a lawsuit over the use of browser cookies and the Facebook “Like” button to track user activity.
In August, Meta testified in court that he had agreed to settle the Cambridge Analytica lawsuit, but the terms were not disclosed at the time. A month ago, a report showed that Meta CEO Mark Zuckerberg would have to sit through six hours to be cross-examined by plaintiffs’ attorneys.
The same document indicated that former COO Sheryl Sandberg would also have to testify. Facebook argued that it disclosed its practices in agreements with users. He also said that anyone sharing their information on a social network should not expect their privacy to be preserved.
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