Facebook’s settlement payments are going out

CNN Facebook users who filed a claim in parent company Meta s million settlement related to the Cambridge Analytica disgrace may soon get a payment It s been over two years since Facebook users were able to file suggests in Meta s December settlement The class-action lawsuit began after the social media giant declared in that as a multitude of as million Facebook users private information was obtained by statistics analytics firm Cambridge Analytica which had worked with President Donald Trump s campaign Meta was accused of allowing Cambridge Analytica and other third parties including developers advertisers and material brokers to access private information about Facebook users The social media giant was also accused of insufficiently managing third-party access to and use of user input Meta did not admit wrongdoing as part of the settlement Following the Cambridge Analytica case Facebook restricted third-party access to user statistics and developed more robust tools to inform users about how facts is collected and shared according to court documents Here s what you need to know about the settlement payments Who was eligible Any US Facebook user who had an advancing account between May and December was eligible to file a claim even if they have deleted the account The deadline to file was August Almost million insists were filed and about million were validated as of September according to Meta s response in a legal document According to the settlement site payments would be determined by whether a claim was valid and how long you were a user on Facebook between May and December Those who did not file a claim are ineligible to receive a payment What happened after the deadline Two appeals were filed after the settlement that were not resolved until May according to the settlement site The settlement was finalized on May and on August the court ordered that settlement benefits be distributed The distribution of settlement benefits has commenced and will continue for approximately weeks We thank you in advance for your patience according to the site s September update Was my claim approved Approved asserts are notified by email up to four days before their payouts are issued Anyone who is unsure about the status of their claim can contact the settlement administrator at info facebookuserprivacysettlement com with their claim ID How much will I receive Of the million settlement fund roughly million will cover approved settlement proposes According to the settlement plan a system of allocation points will determine payments One allocation point is assigned for each calendar month a person had a Facebook account between May and December Class members who were ongoing on Facebook longer and who therefore may have more valuable asserts will receive a larger share of the settlement Meta noted in the legal document One user stated they received through Venmo Payments will either be sent directly to the bank account provided on the claim form or via PayPal a virtual prepaid Mastercard Venmo or Zelle Unsuccessful or expired payments will receive a second chance email to update the payment method The-CNN-Wire Cable News System Inc a Warner Bros Discovery Company All rights reserved