Facebook Settlement Delayed: Payouts Pushed Back to 2025
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Facebook Users to Receive Payouts of $35 Per Claim
Facebook users who filed claims to get a share of a massive privacy settlement stand to receive payouts of about $35, though they will need to be patient. The $725 million class-action settlement agreement with Meta, the parent company of Facebook, was announced nearly two years ago in December 2022.
Payout Timing Uncertain
The payout timing is unclear, with a notice from September 19 stating that no one can be paid until two appeals are resolved, and the hearing for them will not be set until the first half of 2025 or later. Even after the appeals are resolved, there may be additional proceedings that could further delay the distribution of settlement benefits.
What is the Facebook Lawsuit About?
The lawsuits that led to this settlement agreement are related to a 2018 scandal involving Cambridge Analytica, a British consulting firm that worked on Donald Trump’s 2016 presidential campaign. The firm obtained personal Facebook data from up to 87 million users, mostly in the U.S., and the lawsuits allege Meta improperly shared the user data.
Meta’s Denial
Meta denies that it violated any laws but agreed to the settlement to “avoid the costs and risks of a trial,” according to the settlement website.
Who will Get a Facebook Settlement Payout?
If you used Facebook in the U.S. between 2007 and 2022, you were eligible to submit a claim for this settlement. The deadline to claim money passed in August 2023, and the judge gave final approval after a hearing in October 2023. Some 28 million people submitted timely claims, and more than 17 million of those had been preliminarily validated as of the last update.
How much is the Facebook Settlement Payout?
The median settlement payout is expected to be around $35, according to court filings. Claimants will be awarded one “point” for each month they had an account during the more than 15-year eligibility period. The settlement money will be doled out based on how many of these points users have. Claimants had several options for receiving payment, including PayPal, Venmo, Zelle, direct deposit, check or a prepaid Mastercard.
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