Facebook owner Meta Platforms agrees to pay $725M to settle a lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users' personal data
The settlement resolved claims by Facebook users that the company violated various US federal and state laws.
Lawyers for the plaintiffs called the proposed settlement the largest to ever be achieved in a US data privacy class action and the most that Meta has ever paid to resolve a class action lawsuit. The company said in a statement settling was "in the best interest of our community and shareholders." Cambridge Analytica obtained that information without users' consent from a researcher who had been allowed by Facebook to deploy an app on its social media network that harvested data from millions of its users.
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