• Meta, the parent company of Facebook, agreed to pay $725 million Thursday to settle a class-action lawsuit that accused the social media platform of allowing third parties like British consulting firm Cambridge Analytica to access user data without consent.
• The social media giant resolved the four-year lawsuit after it was discovered that Cambridge Analytica had amassed data on 87 million Facebook users.
• Lawyers for the plaintiffs called the proposed settlement “the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action.”

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