1 year ago
Facebook Begins $725 Million Privacy Settlement Payouts
Facebook is giving money to some of its users in the US because of a problem where their private info was shared without permission.
This happened with a company called Cambridge Analytica, before the 2016 election.
Facebook has agreed to pay $725 million, and the money is being given to people who used Facebook in the last 15 years.
The amount each person gets depends on how long they used Facebook.
Those approved will receive an email to confirm their status.
The average payout is about $29.43 per person.
Facebook is distributing payments as part of a $725 million privacy settlement.
The settlement stems from the Cambridge Analytica scandal.
Millions of US users who used Facebook in the last 15 years are eligible.
Payout amounts depend on claim submissions and usage duration.
Approved users will be notified via email.
- Who
- Facebook users in the US.
- What
- Facebook is distributing payments from a $725 million privacy settlement.
- Where
- United States
- When
- Payments are starting now.
- Why
- Due to the Cambridge Analytica data privacy scandal.
Key facts
- Settlement Amount
- $725 million
- Affected Users
- Millions of US users
- Time Period
- Last 15 years
- Cause
- Cambridge Analytica data breach
- Average Payout
- $29.43 per user
- Maximum Payout
- $38.36
