Facebook’s parent company Meta agreed to a $725 million settlement in a class-action lawsuit stemming from the Cambridge Analytica data harvesting scandal.
The agreement, first reported by Reuters earlier today, comes nearly four months after news broke that Meta had proposed a settlement in the Northern District of California, where the suit was originally filed four years ago. In the years since, Meta has fought back against the lawsuit, which consolidated complaints from multiple Facebook users, arguing that those who voluntarily joined the social network should have no real expectation of privacy — an assertion that the judge overseeing the case in 2019 called “so wrong.”
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
