A $725 million settlement has been reached between Meta and Cambridge Analytica
Wiki Article
Facebook has been accused of allowing third parties, including the British firm, to access user data for years.
According to lawyers, it is the largest settlement in a US data privacy class action.
In the past three years, Meta has "revamped" its approach to privacy.
In a statement, the company said the settlement was "in the best interest of our shareholders and community".
Our goal is to build services people love and trust with privacy at the forefront of everything we do."
According to Ball, it was "not surprising" that Meta was forced to pay a big sum, but it was "not that much" money.
"That's less than a tenth of what it spent on creating 'the metaverse' last year," he said.
Meta will probably not be too unhappy with this deal, but it does serve as a warning to social media companies that mistakes can be costly."
A federal judge in San Francisco must approve the proposed settlement disclosed in a court filing late on Thursday.
"This historic settlement will provide meaningful relief to the class in this complex and novel privacy case," said lead lawyers for the plaintiffs, Derek Loeser and Lesley Weaver.
The complaint was filed on behalf of a large group of Facebook users whose personal information was disclosed to third parties without their consent.
According to the ruling document, there are 250-280 million Facebook users in the US during the "class period" which runs from 24 May, 2007 to 22 December, 2022.
The plaintiffs' share of the settlement is unclear.
If each individual made a claim, Janis Wong, a privacy and ethics researcher at the Alan Turing Institute, said it would only cost two or three dollars.
There will be a further hearing on the settlement on 2 March, 2023.
Although this $725m settlement does not cover UK users, a competition law expert earlier this year filed a multi-billion dollar class action suit against Meta regarding users' data exploitation.
She told the BBC that the UK Competition Appeal Tribunal should provide more information about that in the new year.
Cambridge Analytica's privacy scandal was sparked by the harvesting of Facebook users' personal information by third-party apps.
It used personal information from millions of US Facebook accounts to profile and target voters for Donald Trump's successful presidential campaign in 2016.
Researchers allowed by Facebook to deploy an app on the platform that harvested data from millions of Facebook users provided the firm with that information without their consent.
According to Facebook, up to 87 million people's data may have been improperly shared with the political consultancy.
Government investigations into Facebook's privacy practices led to lawsuits and a high-profile congressional hearing during which Meta boss Mark Zuckerberg was questioned.
Facebook paid $5 billion to settle a Federal Trade Commission investigation into its privacy practices in 2019.
It also paid $100 million to settle US Securities and Exchange Commission claims that it misled investors about the misuse of users' data.
Attorneys general are investigating the company, and the company is challenging a DC attorney general's legal action.
When you're ready to hire a Colorado mobile app developer, you want to be sure you're working with someone who can create a high-quality product. There are a few key things to look for when you're making your decision. First, it's important to find a developer with experience in the type of app you're looking to create. If you're looking for a basic informational app, you'll want to find someone with experience in that area. If you're looking for a more complex app with features like e-commerce or GPS integration, you'll need to find a developer who has experience building those types of apps. It's also important to make sure the developer has a good understanding of your vision for the app. Be sure to communicate read more your ideas clearly, and ask for examples of similar apps they've created in the past. This will help ensure they understand your expectations and can app developer denver deliver the results you're looking for. Finally, be sure to ask about their process for creating an app and get an estimate of how long it will take from start to finish. This will help you manage expectations and ensure that the project stays on track. Taking these factors into consideration will help you hire the right Colorado mobile app developer for your project.
Report this wiki page