The proposed settlement would end a long-running lawsuit prompted by 2018 revelations that Facebook allowed the British political consulting firm to access personal data of millions of users.
abc.net.au/news/meta-class-action-cambridge-analytica-1-billion/101807030Facebook owner Meta has agreed to pay $1 billion to resolve a class action lawsuit that accused the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal information.
Lawyers for the plaintiffs called the proposed settlement the largest to ever be achieved in a US data privacy class action, and the most that Meta has ever paid to resolve a class action lawsuit. Meta did not admit wrongdoing as part of the settlement, which is subject to the approval of a federal judge in San Francisco.
"Over the last three years we revamped our approach to privacy and implemented a comprehensive privacy program," Meta said.