Meta To Settle Cambridge Analytica Suit For $725M

December 23, 2022 Business, Social Media

Facebook owner Meta Platforms has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information.

The proposed settlement would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed Cambridge Analytica to access data of as many as 87 million users.

Cambridge Analytica, now defunct, worked for Trump’s presidential campaign in 2016, and gained access to the personal information from millions of Facebook accounts for the purposes of voter profiling and targeting.

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Facebook parent Meta to settle Cambridge Analytica scandal case for $725 million https://t.co/vj6WrjsNIs

— Matt Navarra (@MattNavarra) December 23, 2022