Cambridge Analytica Settlement: How to File a Claim and Get Your Money From Facebook

How to Get Your Money From the Cambridge Analytica Settlement

U.S. Facebook users who were active on the platform between May 2007 and December 2022 can now apply for a portion of the $725 million settlement that Meta paid in a class-action lawsuit over the infamous Cambridge Analytica data scandal. If you’re eligible, read on to learn how you can claim your share of the payout and what this means for Facebook users moving forward.

Claiming Your Share

You can submit your claim through the Facebook User Privacy Settlement website until August 25. To receive your payout, you’ll need to provide details such as your name, address, phone number, and information about your Facebook account. You can choose to receive your payment via PayPal, Venmo, Zelle, or a prepaid Mastercard.

Payout Amounts

While the exact payout per claimant is yet to be determined, don’t expect a windfall. Given the vast number of Facebook users, lawyer fees, and the $725 million settlement amount, individual payments will likely be small. The payout will depend on the number of Settlement Class Members who submit claims and the duration of their Facebook usage during the specified timeframe.

The Cambridge Analytica Scandal Background

In 2018, Facebook faced multiple lawsuits after the Cambridge Analytica revelations. The company was accused of sharing user data and data about users’ friends without consent. This information was given to third-party app developers, business partners, advertisers, and data brokers without Facebook’s oversight.

Cambridge Analytica, a data firm, was among the companies that collected data from tens of millions of Facebook users, using the information to create targeted political advertisements.

Meta’s Stance and Settlement Decision

Although Meta agreed to the $725 million settlement, the company denies any wrongdoing and claims it did not violate any laws. Both parties chose to settle to avoid the costs and risks associated with a trial. In response to the scandal, Facebook implemented changes to its data privacy practices to better protect user data.

Conclusion

The Cambridge Analytica settlement offers Facebook users a chance to claim a portion of the payout, even though individual amounts may be small. The scandal has led to improved data privacy practices on the platform,. This reflects the importance of user privacy in the digital age. If you’re eligible, remember to file your claim before the August 25 deadline.

It might not be much money, but it’ll be better than nothing.

Go get it!

Tony Simons

Tony has a bachelor’s degree from the University of Phoenix and over 11 years of writing experience between multiple publications in the tech, photography, lifestyle, and deal industries.