9 months ago
51 Facebook CEO Mark Zuckerberg testifies earlier the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact connected the Financial Services and Housing Sectors proceeding connected Capitol Hill successful Washington connected Oct. 23, 2019.
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Facebook users person little than 1 period near to apply for their share of a $725 cardinal colony implicit the societal network's privateness violations, portion of the lengthy fallout from the Cambridge Analytica ungraded that rocked the U.S. electoral process and Silicon Valley.
The settlement, signed successful December 2022, was the largest people enactment colony of its kind, according Keller Rohrback, the instrumentality steadfast that brought the people enactment suit. It ended years of litigation implicit Facebook's relation successful improper information sharing with a information consultancy steadfast utilized by Donald Trump's 2016 statesmanlike campaign.
In all, the Cambridge Analytica ungraded outgo Meta, Facebook's genitor company, astir $5.9 billion. Beyond the $725 cardinal settlement, the institution paid a grounds $5 cardinal colony to the Federal Trade Commission, alongside a further $100 cardinal to the Securities and Exchange Commission.
Facebook rebanded itself arsenic Meta successful 2021 and settled the suit a twelvemonth later. In immoderate ways, it's a overmuch antithetic institution than it was during the Cambridge Analytica scandal. The institution has since expanded further into the metaverse with caller hardware products similar the Quest 3, coming this fall. It's besides revealed its Llama 2 ample connection artificial quality model, Reels to vie with TikTok and, much recently, Threads, which is taking connected Twitter.
The breach forced Facebook founder Mark Zuckerberg to attest earlier Congress and to instrumentality retired full-page ads wherever helium apologized for the missteps. "I'm atrocious we didn't bash much astatine the time. We're present taking steps to guarantee this doesn't hap again," Zuckerberg said.
The $725 cardinal colony was not an admittance of wrongdoing.
Facebook users tin marque a assertion by visiting Facebookuserprivacysettlement.com and entering their name, address, email address, and confirming they lived successful the U.S. and were progressive connected Facebook betwixt the aforementioned dates.
People who had an progressive U.S. Facebook relationship betwixt May 2007 and December 2022 person until Aug. 25 to enter a claim. Individual colony payments haven't yet been established due to the fact that payouts beryllium connected however galore users taxable claims and however agelong each idiosyncratic maintained a Facebook account.
