Meta Platforms has agreed to pay US$725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.
Meta Platforms Inc. has agreed to pay US$725 million to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.
The settlement brings Meta a step closer to resolving the 2018 suit brought by Facebook users after it was revealed that the U.K. research firm connected to Donald Trump's 2016 campaign for president gained access to the data of as many as 87 million of the social media network's subscribers. The agreement requires the approval of a federal judge overseeing the suit.
“We pursued a settlement as it's in the best interest of our community and shareholders,” Meta said in an emailed statement. “Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program. We look forward to continuing to build services people love and trust with privacy at the forefront.”
Last month, Google agreed to pay a total of US$391.5 million to 40 U.S. states to resolve a probe into controversial location-tracking practices in what state officials called the largest such privacy settlement in U.S. history. Separately, a judge last month approved a US$90 million Meta deal to settle a suit over the use of browser cookies and Facebook's “Like” button to track user activity.
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Facebook parent Meta Platforms to settle Cambridge Analytica scandal case for US$725-millionThe proposed settlement would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed Cambridge Analytica to access data of as many as 87 million users
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