Meta Platforms Inc., the company that owns Facebook, has agreed to pay $725 million to settle a class-action lawsuit accusing the social media behemoth of granting access to user data to outside organisations, such as Cambridge Analytica.
The long-running case brought on by allegations in 2018 that Facebook had permitted the British political consulting firm Cambridge Analytica to access the data of as many as 87 million users would be resolved by the proposed settlement, which was revealed in a court filing late on Thursday.
The proposed compensation, according to the plaintiffs’ attorneys, is the largest ever reached in a U.S. data privacy class action and the highest sum ever paid by Meta to settle a class action complaint.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.
ALL INDIA LEGAL FORUM 