Facebook Privacy Settlement Payout Date in 2024
Facebook users who were impacted by the Cambridge Analytica data scandal can finally breathe a sigh of relief as the social media giant has finally settled with the U.S. Federal Trade Commission (FTC). The company has agreed to pay a whopping $5 billion fine to settle a complaint filed by the FTC in 2019, along with several other lawsuits from state and federal regulators. This major settlement is said to be the largest in FTC’s history and has sparked a lot of interest amongst users who were affected by the data breach. Many are eagerly waiting for the payout date to claim their share of the settlement. In this article, we will discuss all the details related to the Facebook privacy settlement and its payout date. What led to the Facebook privacy settlement? In 2018, it came to light that British political consulting firm, Cambridge Analytica, had harvested the data of 87 million Facebook users without their consent. The company had access to a wide range of personal data including ...