Facebook To Pay $725 Million In Cambridge Analytica Settlement

NEW YORK, NY - OCTOBER 25: Facebook CEO Mark Zuckerberg speaks about the new Facebook News feature at the Paley Center For Media on October 25, 2019 in New York City. Facebook News, which will appear in a new dedicated section on the Facebook app, will offer stories from a mix of publications, including The New York Times, The Wall Street Journal and The Washington Post, as well as other digital-only outlets.(Photo by Drew Angerer/Getty Images)

At a glance

  • 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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