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Halfowner of Facebook, has accepted Of pay $725 million for close a class action relating to the scandal Cambridge Analyticathe British consultancy that has collected the personal data of 87 million Facebook accounts without consentusing them for political propaganda purposes (Donald Trump’s 2016 presidential campaign, for example).
A story that has its roots in 2018 and which represented a thorn in the side for CEO Mark Zuckerberg, called to testify in Congress and repeatedly appeared in clear difficulty. The attorneys pursuing the class action settled the proposed settlement the largest ever in the US for a data privacy class action and the most Meta has ever paid to settle a class action lawsuit. Meta has not admitted any wrongdoingand the settlement is subject to the approval of a federal judge in San Francisco.
The company simply stated that the deal is “in the best interests of our community and shareholders. Over the past three years, we have revamped our approach to privacy and implemented a comprehensive privacy program,” a spokesperson said. Meta was in danger of being indicted for violations of several federal and state laws.
In 2019 then-Facebook agreed to pay $5 billion to resolve an investigation of the ftc extension on the topic and $100 million to settle an SEC proceeding which alleged that the company misled investors about misuse of user data.
Meta, however, she still can’t say she’s completely put it behind her the Cambridge Analytica mess: A lawsuit filed by the Washington DC attorney general and other state attorneys general is still pending.
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