MAKE MONEY #25: The $725 Million Facebook Settlement Question

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Good for: Students, Retirees, Parents, ALL

Facebook settlement

The most important Facebook Settlement Question is: Did you use Facebook in the United States between May 2007 and December 2022? IF the answer is YES, you can apply to receive your share of a $725 million Facebook Settlement that Facebook’s parent company META has agreed to pay to settle a class-action lawsuit.

What is the Facebook Settlement ?

The $725 million Facebook Settlement stems from last year’s successful lawsuit accusing Facebook of sharing user data or making it accessible to third parties, including the data and political consulting firm Cambridge Analytica, without users’ permission. The class-action lawsuit also claimed that Facebook did not monitor the third-party access or use of that data.

–>MAKE A MENTAL NOTE Claim Your Fair Share of the Facebook Settlement!

The claims website, facebookuserprivacysettlement.com, has been set up by a settlement administrator to handle the claims, according to writer Jenny Gross of the New York Times. Use tge Facebook Settlement Claim Form to register your claim–it generally should take about 3 minutes to fill out.

You can claim your share of the $725 million Facebook settlement using the claims website, facebookuserprivacysettlement.com.

Remember the Cambridge Analytica Scandal?

This long-running lawsuit was filed after revelations came to light in 2018 that the UK analytics firm, Cambridge Analytica, had used private information from the Facebook profiles of millions of users–without their permission. This was one of the largest and most egregious data leaks in Facebook’s history (so far, at least). Cambridge Analytica was given illegal access to the social media activity of millions of United States Facebook users.

They used these data to build voter profiles, allowing the company to give former President Donald J. Trump’s campaign and edge in 2016.

HOW do I register my claim?

You enter your information on the claims website facebookuserprivacysettlement.com to register to get your payment. Payment can be received via your bank account, Venmo or other methods as well.

NOTE: The size of payouts is likely to be small, and it will depend on the number of people who submit valid claims and the length each applicant was a Facebook user during the period covered by the suit. The payout will be divided among claimants, with more given to those who have used the site longer.

The deadline for submitting the Facebook Settlement Claim Form is August 25, 2023 at 11:59 PM PT.

The deadline for submitting the Facebook Settlement Claim Form is August 25, 2023 at 11:59 PM PT.

Email Address, Phone Number, and/or Username Needed

IF you have had a Facebook account in the past that you have deleted, you will need to provide the dates for which you were a Facebook user. If you have a current FB account that was also in use during the dates May 24, 2007 and December 22, 2022, you need to understand the following:

  • You will need to enter at minimum one of the email address(es), phone number(s), and/or username(s) associated with your Facebook account between May 24, 2007 and December 22, 2022.
  • Each Settlement Class Member may only file one claim.
  • If you have/had multiple Facebook accounts, file for the account you had the longest.

HOW will the distribution of funds work?

Once authorized, claimants will be assigned 1 point for each month in which they had an activated Facebook account. The settlement administrator will then add up the total points assigned to all claimants and divide that number by the net settlement amount ($725 million), minus administrative costs and other fees, to determine the amount of money available for each point.

Each claimant will receive that amount multiplied by the number of points they were assigned, according to the settlement website.

What Do I Need to Get Started?

Simply go online to the claims website and enter your information. You will be given a Correlation IF and also will receive a confirmation email to the address you provide once you have submitted your claim successfully.

CLAIM FORM SUBMITTED!

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