Meta agrees to pay $725 million to settle privacy lawsuit

Meta agrees to pay $725 million to settle privacy lawsuit

By Yusuf Balogun

Meta Agrees to Pay $725  Million to Resolve  Cambridge  Analytica  Scandal Case for allowing  third parties to access  users personal information.

Back in 2018, Facebook  was suited for allowing the  British political consulting  firm, Cambridge Analytica to access users' personal  information.

According to the lawsuit,  about 87 million user's  personal information  was accessed back then.

The proposed settlement  was raised by Meta's  lawyers in a court filing lateon Thursday.

Meta's lawyers proposed  the settlement to resolve  the first-class lawsuit in  line with the U.S. data  privacy Act.

"This historic  settlement will providemeaningful relief to  the class in this  complex and novel  privacy case," said  Derek Loeser and  Lesley Weaver, Meta's  lawyers.

To resolve this issue  Facebook parent Meta has agreed to pay the  total sum of $725  million.

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