October 4, 2023

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Facebook distributed 725 million dollars to its users

Facebook distributed 725 million dollars to its users

The fallout from the Cambridge Analytica scandal is still rocking Facebook, which signed an agreement 725 million dollars For sharing user data with Cambridge Analytica during the 2016 US presidential election.

This means that US Facebook users have the right to claim their share during the month. Specifically, anyone with an active Facebook account in the US between May 2007 and December 2022 can apply. It is not specified how much each person will receive, as it depends on the number of applications and the time the account was active.

Facebook was renamed Meta in 2021 and entered a $5 billion settlement with the US government a year later. Then Mark Zuckerberg declared to Congress:

I’m sorry we didn’t do more after that. We are now taking steps to ensure this does not happen again.

It is worth noting that the current $725 million settlement is not an admission that Facebook did anything illegal.

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