The value of the agreement was disclosed on Thursday night (22) after a legal process.
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“The proposed $725 million settlement is the largest claim ever reached in a data privacy class action and the most the Facebook has already paid to settle a private class action,” said lawyers for the plaintiffs in the lawsuit.
A social network he admitted no wrongdoing as part of the settlement, which still needs to be approved by a San Francisco judge.
“We are seeking an agreement because it is in the interests of our community and our shareholders,” said a spokeswoman for Meta, Dina El-Kassaby Luce, in a statement. “Over the past three years, we have reviewed our approach to privacy and implemented a comprehensive privacy program,” she added.
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In August, it was reported that the Facebook had reached a preliminary agreement, although the terms and amounts were not disclosed at the time.
Back in 2018, at the beginning of the process, several platform users accused the social network of violating privacy rules by sharing your data with third parties, including the British company Cambridge Analytica, linked to the presidential campaign of Donald Trump in 2016.
Cambridge Analytica, which has since gone out of business, collected and exploited the personal data of 87 million Internet users. Facebook without their consent, according to the lawsuit. This information would have been used in the development of software to guide American voters in favor of Trump.
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O Facebook, then removed access to thousands of apps suspected of abusing your data, restricted the amount of information available to developers, and made it easier for users to regulate restrictions on sharing personal data.
(With AFP)
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