Facebook settlement payments: Millions of users are getting paid. Are you?
Millions of Facebook users will soon receive their share of a $725 million sum as the platform settles a years-long data and privacy lawsuit .
The lawsuit , which was raised against Facebook's parent company Meta Platforms, Inc. in 2018, charged that Meta allowed third-party developers to access users private information .
The lawsuit accuses Facebook of sharing user data with political marketing firms such as Cambridge Analytica to target voters in the 2016 presidential election, USA Today reports .
To qualify for a portion of the payment, users must have had a Facebook account in the U.S. between May 2007 and Dec. 2022. However, the window to file a claim closed August. 25, 2023.
For Facebook users who made the deadline, payments will be dispersed over the corse of 10 weeks beginning Aug. 27 and ending Oct. 5, according to Facebook's settlement information page .
For those who missed the deadline, users are missing out on a payment around $30 to $40, NBC Chicago reports , citing court documents.
Maximum settlement payments will be awarded to users who had active accounts for all 188 months of the lawsuit class period, NBC Chicago reports.
While Meta ultimately denies any wrongdoing, the company agreed to the payment " solely to eliminate the uncertainties, burdens, and expenses of protracted litigation ."
According to OpenClassActions , claimants receive email notifications three to four days before their payments are issued, and can expect the funds to be distributed in either direct deposit, PayPal, Venmo, Zelle or paper checks.
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