Some of you might recall that years ago, Facebook (before it was rebranded into Meta) was embroiled in a data privacy scandal where a company called Cambridge Analytica accessed Facebook’s user data without users actually giving their consent.
This caused a huge hoo-ha but it looks like the dust has finally settled as a federal judge has since given their approval for a $725 million settlement. This means that if you live in the US and have been a Facebook user between May 2007 up to December 2022, you will be entitled to a portion of that settlement.
That being said, there are several deadlines you need to consider. The first is the opt-out deadline which closes on the 26th of July, 2023. Then there is the claim deadline which closes on the 25th of August, 2023, which means that you will have until then to make your claim.
Making your claim is pretty straightforward. All you need to do is go to the settlement’s website, click on the “Submit Claim” button, and fill up your details that are associated with your Facebook account. You can also choose how you want the money to be sent to you. It’s not a complicated process and there are plenty of instructions on the page that will guide you through the process.
At this point in time it is unclear how much money users will be getting. This is because it will depend on how many people apply for the claim, so the more that apply, the smaller your cut will be.