Meta Platformsparent company of Facebook, agreed to pay $725 million (682m euros) to settle a class action lawsuit accusing the social network sharing user data with British market research firm Cambridge Analytica without permission.
The agreement, which required the approval of the federal judge responsible for the case, would end the lawsuit filed by Facebook users in 2018 after the lawsuit came to light. Cambridge Analytica linked to presidential campaign donald trump In 2016, it accessed the data of up to 87 million social network users.
HE IS Biggest Recovery Ever in a Data Privacy Class Case and the highest amount Facebook has agreed to pay to settle a private class action,” said Keller Rohrback law firm, which is responsible for representing plaintiffs’ interests, in a court presentation of the settlement.
“We’re looking for a deal because it’s in the interest of our community and our shareholders,” a Meta spokesperson said in an emailed statement.
“Over the past three years, we’ve renewed our approach to privacy and implemented a comprehensive privacy program. We look forward to continuing to build services that people love and trust with privacy at the forefront.”
in the summer of 2019Facebook was separately fined $5,000 and $100 million by the Federal Trade Commission (FTC) and the United States Securities and Exchange Commission (SEC). (4,709 and 94 million euros) for the Cambridge Analytica case.
In addition, the FTC urged the multinational to create a new corporate structure to make Facebook more accountable in its decisions regarding the privacy of its users.