As Meta prepares to pay $725 million in the privacy lawsuit involving Cambridge Analytica, users who had accounts with Facebook from May 2007 to December 2022 can apply to get their piece of the pie. The lawsuit comes as a result of Facebook allowing former consulting firm Cambridge Analytica access to around 87 million users data, which was used to benefit the campaign for Donald Trump in 2016.
Those looking to get their shares can either apply online, or send in their forms by Aug. 15 of this year.
The plaintiffs’ lawyer said that 250 million to 280 million people may be eligible for payments as a part of the settlement.
In 2018, Cambridge Analytica filed for bankruptcy and subsequently shut down. The leaders of the company went on to form Emerdata, a similarly structured political consulting firm.
According to NPR, this lawsuit marks the largest recovery ever in a data privacy class action and the most Facebook has ever paid to settle a private class action.
This isn’t the first instance of Meta paying for the Cambridge Analytica incident. In 2020, CEO Mark Zuckerburg testified in front of congress as a part of the Federal Trade Commission’s privacy case where the company also paid a $5 billion fine.