Meta to Pay $725 Million to Settle Cambridge Analytica Lawsuit 1z4a25 Report

The lawsuit was filed in 2018 after Facebook disclosed that it had harvested the information of around 87 million s. 3o1od

By ANI | Updated: 24 December 2022 12:26 IST

Photo Credit: Reuters 3v6d2p

Meta updated its data-sharing practices in 2018 following the Cambridge Analytica scandal

Highlights

Meta said it no longer allows third-parties access to data ers
The consultancy reportedly used data for the purpose of voter profiling
The settlement by Meta does not it any wrongdoing

ment

Facebook's parent company Meta has agreed to pay $725 million (roughly Rs. (Rs. 5,990 crore) to settle a class action lawsuit that accused the company of sharing s' personal data with the political consultancy firm Cambridge Analytica, American technology publication The Verge reported.

"The proposed Settlement of $725 million is the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action," Keller Rohrback, the law firm representing the plaintiffs, said in a court filing late Thursday.

The lawsuit was filed in 2018 after Facebook disclosed that it had harvested the information of around 87 million s and shared it with Donald Trump.

Meta Said to Settle Cambridge Analytica Scandal Case for $725 Million

The consultancy reportedly used the data for the purpose of voter profiling and targeting political advertising.

The court filing states that "Facebook has meaningfully changed the practices that gave rise to Plaintiffs' allegations" and "meaningfully enhanced its ability to restrict and monitor how third parties acquire and use Facebook s' information."

The proposed settlement does not it any wrongdoing and must still be approved by a judge in the Northern District of California.

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In response to the news, a spokesperson for Meta told CNBC, "We pursued a settlement as it's in the best interest of our community and shareholders. Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program."

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Meta said it "meaningfully changed" its data-sharing practices since the 2018 scandal, and no longer allows third-parties access to the same data ers.

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