Current:Home > FinanceYou may be entitled to money from the Facebook user privacy settlement: How to file a claim -MoneyTrend
You may be entitled to money from the Facebook user privacy settlement: How to file a claim
SafeX Pro View
Date:2025-04-08 10:22:45
U.S. Facebook users have one more month to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay late last year.
Meta is paying to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s 2016 presidential campaign.
Anyone in the U.S. who has had a Facebook account at any time between May 24, 2007, and Dec. 22, 2022, is eligible to receive a payment. To apply for the settlement, users can fill out a form and submit it online, or print it out and mail it. The deadline is Aug. 25.
How much will I get from the Facebook settlement?
It’s not clear how much money individual users will receive. The larger the number of people submitting valid claims, the smaller each payment will be since the money has to be divided among them.
The case sprang from 2018 revelations that Cambridge Analytica, a firm with ties to Trump political strategist Steve Bannon, had paid a Facebook app developer for access to the personal information of about 87 million users of the platform. That data was then used to target U.S. voters during the 2016 campaign that culminated in Trump’s election as the 45th president.
Uproar over the revelations led to a contrite Zuckerberg being grilled by U.S. lawmakers and spurred calls for people to delete their Facebook accounts.
Facebook’s growth has stalled as more people connect and entertain themselves on rival services such as TikTok, but the social network still boasts more than 2 billion users worldwide, including an estimated 250 million in the U.S.
Beyond the Cambridge Analytica case, Meta has been under fire over data privacy for some time. In May, for example, the EU slapped Meta with a record $1.3 billion fine and ordered it to stop transferring users’ personal information across the Atlantic by October. And the tech giant’s new text-based app, Threads, has not rolled out in the EU due to privacy concerns.
Does Threads have what it takes to last?Just weeks after launch, Instagram Threads app is already faltering
Meanwhile, at Twitter:Xs and Xeets. What we know about Twitter's rebrand, new logo so far
Meta's 2nd quarter earnings
Facebook parent company Meta Platforms posted stronger-than-expected results for the second quarter on Wednesday, buoyed by a rebound in online advertising after a post-pandemic slump. The Menlo Park, California-based company earned $7.79 billion, or $2.98 per share, in the April-June period. That’s up 16% from $6.69 billion, or $2.46 per share, in the same period a year earlier. Revenue jumped 11% to $32 billion from $28.82 billion in the year-ago quarter. Facebook had 3.03 billion monthly active users as of June 30, up 3% year-over-year.
“There’s a lot to feel good about when it comes to Meta right now. It has been able to maintain decent growth in monthly and daily active users across both Facebook and its family of apps, and it has seen strong performance from Advantage, its AI-driven suite of ad automation tools,” said Debra Aho Williamson, an analyst with Insider Intelligence.
Meta's stock jumped $14.45, or 4.8%, to $313.02 in after-hours trading in response to the results.
AP Business Writer Wyatte Grantham-Philips contributed to this report from New York.
veryGood! (14884)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Rauw Alejandro, Peso Pluma, Maluma headline Sueños 2024, Chicago's Latino music festival
- Mel B’s Major Update on Another Spice Girls Reunion Will Make You Stop Right Now
- The FAA lays out a path for Boeing 737 Max 9 to fly again, but new concerns surface
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Kathy Hilton breaks down in tears recalling first time she met daughter Paris' son Phoenix
- Global warming was primary cause of unprecedented Amazon drought, study finds
- Flight recorders from Russian plane crash that killed all 74 aboard are reportedly found
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Melanie, singer-songwriter of ‘Brand New Key’ and other ‘70s hits, dies at 76
Ranking
- Travis Hunter, the 2
- Step Inside Pregnant Jessie James Decker’s Nature-Themed Nursery for Baby No. 4
- More than 1 in 4 U.S. adults identify as religious nones, new data shows. Here's what this means.
- How genocide officially became a crime, and why South Africa is accusing Israel of committing it
- Current, future North Carolina governor’s challenge of power
- Harbaugh returning to NFL to coach Chargers after leading Michigan to national title, AP sources say
- Man who killed 3 in English city of Nottingham sentenced to high-security hospital, likely for life
- 5 members of Canada's 2018 world junior hockey team to face sexual assault charges, report says
Recommendation
Arkansas State Police probe death of woman found after officer
Police identify relationships between suspect and family members slain in Chicago suburb
Michigan State Police trooper killed when struck by vehicle during traffic stop
'Griselda' cast, release date, where to watch Sofía Vergara star as Griselda Blanco in new series
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Israel vows to fight Hamas all the way to Gaza’s southern border. That’s fueling tension with Egypt
Watch Live: Trial of Jennifer Crumbley, mother of Oxford High School shooter, gets underway
Nokia sales and profit drop as economic challenges lead to cutback on 5G investment