Meta to pay record $725 million to settle class action over Cambridge Analytica scandal

Edvard Pettersson reports:

Meta Platforms, the parent of Facebook, has agreed to pay $725 million to settle claims by its users that the social-media behemoth illegally gave third parties, including political consulting firm Cambridge Analytica, access to their private information.

The proposed settlement is the largest recovery ever achieved in a data-privacy class action, and it is the most Facebook has ever paid to resolve a private class action, attorneys for the users said in a request for preliminary approval filed late Thursday in San Francisco federal court.

Read more at Courthouse News.