Facebook users have a limited amount of time to take part in a class-action settlement worth $725 million relating to the notorious Cambridge Analytica data scandal.
Meta Platforms (formerly known as Facebook) reached this settlement agreement in late 2022 to address the allegations that the company allowed entities like Cambridge Analytica to access personal user information without consent.
If you are a U.S. Facebook user who was active on the platform between May 24, 2007, and December 22, 2022, you have until Friday, Aug. 25 to submit a claim and potentially receive a share of the settlement. The amount each individual may receive will ultimately depend on the number of users who fill out the claim form at facebookuserprivacysettlement.com.
According to the settlement agreement, approximately 250 million to 280 million users are eligible to participate in this case. Users can choose to receive their portion of the settlement either as a prepaid card, a direct deposit, or via popular payment apps like Venmo or Zelle.
It is worth noting that Facebook had already settled with the Federal Trade Commission back in 2019 by agreeing to pay a $5 billion penalty and adopting new data handling restrictions.
To learn more about how you can claim your portion of the payout, watch the video below:
Remember, time is running out. Don't miss your chance to be part of this settlement before it's too late!