Only 24 Days Left to File Your Facebook Settlement Claim

Only 24 Days Left to File Your Facebook Settlement Claim

Introduction:

Attention Facebook users! You have less than a month to take part in the $725 million Facebook settlement claim related to the infamous Cambridge Analytica scandal. This settlement, confirmed in December 2022, is the largest of its kind. Facebook’s parent company, Meta, lost approximately $5.9 billion due to this controversy, including the $725 million settlement, a $5 billion settlement paid to the Federal Trade Commission, and a $100 million settlement to the Securities and Exchange Commission. To make a claim, visit Facebookuserprivacysettlement.com and provide your details. Let us guide you through the process of claiming your share.

Full Article: Only 24 Days Left to File Your Facebook Settlement Claim

Facebook Settlement: Submit Your Claim Before Time Runs Out

If you’re a Facebook user, it’s important to remember that you have less than a month left to submit your claim and be a part of the $725 million Facebook settlement. This settlement comes as a result of the Cambridge Analytica controversy, which had far-reaching implications for both the U.S. elections and the tech industry in Silicon Valley. In December 2022, the settlement was finalized, making it the largest class-action settlement of its kind, according to legal firm Keller Rohrback, who initiated the lawsuit.

The settlement includes not only the $725 million payout, but also a record $5 billion settlement paid to the Federal Trade Commission and an additional $100 million to the Securities and Exchange Commission. The scandal involving Cambridge Analytica had dire consequences for Meta, the parent company of Facebook, which suffered a loss of approximately $5.9 billion.

What You Need to Know to Claim Your Share

If you had an active U.S. Facebook account between May 2007 and December 2022, you have until August 25th to submit a claim. The individual payout for each claimant has not yet been determined and will depend on the number of claims received and the length of time each user had a Facebook account. To make a claim, simply visit Facebookuserprivacysettlement.com and provide your name, address, email, and confirm that you were residing in the U.S. and actively using Facebook within the specified dates. Don’t worry, we’ll guide you through the process step by step.

Meta’s Evolution: Exploring the Metaverse and AI

Since the Cambridge Analytica controversy, Facebook has undergone significant changes, even changing its name to Meta in 2021. Meta has ventured into new frontiers, such as the metaverse, with products like Quest 3, set to be released this fall. They have also introduced Llama 2, a large language artificial intelligence model, Reels to compete with TikTok, and Threads to rival Twitter.

The Apologies and Explanation by Mark Zuckerberg

Mark Zuckerberg, the founder of Facebook, was compelled to testify before Congress and issue full-page apologies following the privacy breach. He expressed regret, stating, “I’m sorry we didn’t do more at the time. We’re now taking steps to ensure this doesn’t happen again.” However, it’s important to note that the $725 million settlement does not imply Facebook’s admission of any wrongdoing.

Eligibility for the Settlement Payout

If you had an active Facebook account while residing in the U.S. between May 24, 2007, and December 22, 2022, you are automatically eligible for a portion of the settlement. However, you must fill out a form to receive your share. The deadline to submit your claim online is 11:59 p.m. on August 25, 2023. If submitting by mail, make sure it is postmarked by this date.

For Facebook users who were active during the eligible period but are no longer alive, the claim should be made under the deceased person’s name. Provide their account information in the designated section of the claim form.

Determining the Payout Amount

The amount each person will receive from the settlement claim will vary. The total settlement amount will be divided among all the claimants, so the more people who file claims, the less money each individual will receive. Users who had active Facebook accounts for the longest period during the eligible timeframe will receive the largest payouts. Even if you deactivated or deleted your account within the settlement period, you may still be eligible for some money, albeit less than those who maintained active accounts throughout. If you deleted your account and created a new one within the specified timeframe, be sure to mention this in your claim as it may increase your potential payout.

Receiving Your Settlement Payment

It’s important to note that receiving your share of the settlement may take some time. Payments are expected to be sent out after final approval, which is currently scheduled for September 7th, but this date could be subject to change.

How to Claim Your Payout

If you’re eligible for the Facebook settlement money, you can submit your claim online or by mail. To file online, you’ll need to provide your address, phone number, and all the Facebook usernames associated with your account between May 24, 2007, and December 22, 2022. If you can’t remember your username, you can find it on Facebook by visiting your homepage or timeline, where it will be displayed in the address bar. Alternatively, you can log into Facebook, go to “Account,” then “Settings and Privacy,” followed by “Settings,” and finally click on “username.” In addition to personal details, you’ll need to answer a few questions in the claim form, including whether you resided in the U.S. between the specified dates, if you were a Facebook user during that period, and whether you’re filing a claim for a current or deleted account, or a combination of both. Finally, you will need to confirm that all the information provided in your claim is accurate.

If you prefer to submit your claim by mail, you can download the claim form or request a paper copy from the settlement administrator. Contact the administrator by calling 855-556-2233, sending an email to [email protected], or writing a letter to Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA, 19103.

Choose Your Preferred Payment Method

When applying for your share of the settlement, you’ll have the option to select how you want to receive your funds. Choose from Venmo, PayPal, Zelle, a prepaid Mastercard, or a check that will be mailed to the address you provide.

Don’t miss out on your opportunity to claim your part of the Facebook settlement. Ensure you submit your claim before the deadline and follow the instructions provided to ensure a smooth process.

Summary: Only 24 Days Left to File Your Facebook Settlement Claim

If you want to be part of the $725 million Facebook settlement claim, time is running out. The settlement stems from the Cambridge Analytica scandal that affected the 2016 U.S. elections and the tech industry. The settlement is the largest of its kind and includes previous settlements paid to the Federal Trade Commission and the Securities and Exchange Commission. To be eligible for a payout, you must have had an active U.S. Facebook account between May 2007 and December 2022. The exact amount you’ll receive hasn’t been determined yet, but you can make your claim by visiting Facebookuserprivacysettlement.com. It’s important to note that the settlement does not imply any wrongdoing by Facebook.

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