Did You Get Your Facebook Settlement Money? Check Your Accounts!
Many Facebook users are reporting receiving payments from the recent $725 million privacy settlement. Check your email and PayPal accounts for a potential deposit. The settlement stems from claims regarding the sharing of user data with third-party companies.
The Facebook Privacy Settlement: What You Need to Know
If you filed a claim in the Facebook Consumer Privacy User Profile Litigation, you may be eligible for a payment. The settlement addresses concerns about Meta, Facebook's parent company, allegedly sharing user data with third parties. However, if you missed the 2023 deadline to file, you are unfortunately not eligible for this round of payouts.
How Payments are Being Distributed
Payments are being distributed to approved claimants via various methods, including PayPal, direct deposit, Venmo, Zelle, a mailed check, or a virtual prepaid MasterCard. The payment amount depends on how long you had an active Facebook account during the class period.
Understanding Your Settlement Amount
The official website for the lawsuit explains that authorized claimants receive one point for each month they had an active Facebook account during the class period. This point system determines the final payment amount. The average payment amount is reportedly around $29.43, with a maximum payout of about $38.36.
Checking Your Claim Status
If you're unsure about the status of your claim, you can contact the Settlement Administrator at info@facebookuserprivacysettlement.com. Be sure to include your Claim ID in your email for faster processing. Distribution of payments is expected to continue over the next 10 weeks.
The Cambridge Analytica Connection
The lawsuit originates from allegations that Facebook improperly disclosed users' personal information, particularly to Cambridge Analytica, a UK political consulting firm. It is alleged that Cambridge Analytica obtained data from as many as 87 million Facebook users, raising significant privacy concerns. Meta denied any wrongdoing but agreed to the settlement to resolve the claims.
