Facebook users will have to wait for payouts of approximately $35 to those who submitted claims to obtain a piece of a large privacy settlement. Although Facebook’s parent company, Meta, announced the $725 million class-action settlement deal nearly two years ago in December 2022, it’s still unclear when individuals will actually receive their money.
As of today, a notice states that no one will be paid until two appeals are settled and that the hearings on those cases would not take place “until the first half of 2025 or later.” Even that doesn’t seem to be certain, however it’s possible that the Facebook Settlement Payout Date 2024 will occur the next year. After the hearing, there will be another wait as the court considers the merits of those appeals.
Facebook Settlement Payout Date
Part of a $725 million class-action lawsuit against Facebook’s parent company, Meta, comes the much awaited Facebook privacy settlement. Facebook’s improper treatment of user data especially during the Cambridge Analytica scandal led to the filing of the complaint. Millions of people later filed claims as a result of the significant concern this caused over data privacy.
The payout procedure is still delayed, however, even with the considerable amount of money set aside for the settlement. October 10, 2023, saw the final approval of the $725 million settlement. Payment distributions have, however, been postponed as of late because of pending appeals. Prior to the start of payments, the settlement is being contested in two different appeals, which need to be settled.
Facebook Settlement 2024 Details
| Name of company | Meta (Facebook) |
| Country | USA |
| Total Settlement Amount | $725 million |
| Expected Payment Date | Early 2025 (pending appeals) |
| Payment Amount | USD 35 per eligible user |
| Official Website | facebookuserprivacysettlement.com |
What is FB lawsuit about?
This settlement deal is the result of legal actions stemming from a 2018 controversy surrounding Cambridge Analytica, a British consulting business that provided support to Donald Trump during his 2016 presidential campaign. Up to 87 million Facebook users, primarily in the United States, provided the company with personal information. According to the claims, Meta disseminated the user information inappropriately.
Although Meta says it didn’t break any laws, the settlement webpage states that it accepted the deal to “avoid the costs and risks of a trial.” It appears that payouts won’t happen until at least mid-2025, based on the most recent revisions. The unresolved legal challenges caused a major delay in the projected payouts, which were originally scheduled for 2024. So if there are no more delays following the appeal hearing in the first half of 2025, impacted consumers who filed claims might not get paid.
FB Settlement Eligibility 2024
Claimants must have used FB in America between May 24, 2007, and December 22, 2022, to be Facebook privacy settlement payment Eligible 2024. The requirement for proof that third parties accessed user data was waived for users. Claims had to be submitted by August 25, 2023, and those who did so are currently awaiting payment. There is no way for you to get a portion of the settlement right now if you missed the deadline. Avoid using illegitimate sources and always check the official settlement website for Facebook settlement Payout 2024 Latest updates and further information.
Facebook settlement Payout Amount 2024
According to court documents, the median settlement amount is anticipated to be about $35. Not every person will receive the same payouts: The settlement could benefit long-time Facebook users financially. For each month they had an account over the course of the more than 15-year eligibility period, claimants will receive one “point” The number of these points that each user has will determine how much of the settlement money they receive. Payment options for claimants included direct deposit, checks, PayPal, Venmo, Zelle, and prepaid MasterCard.
Facebook Settlement Payment Update
- Almost 28 million individuals have effectively submitted their claims, and over 17 million have confirmed the most recent update, making it one of the biggest settlement classes in US history.
- The problem lies in the fact that the payment has not yet been distributed, and even after two years of settlement, the Meta has not provided any clarification.
- The latest notification, which was published on September 19, states that no one is eligible to receive benefits until the two appeals are settled, and that no hearing will be scheduled.
- Beneficiaries are more likely to get their money later in the first half of 2025, at the latest.
- You must stay updated on Facebook Settlement Payout Date 2024 and it can be done via facebookuserprivacysettlement.com
Checking Your Claim Status
The case settled in October of last year for $725 million, which was a turning point in the legal struggle to hold social media company responsible. The settlement’s goal is to pay back American users who were allegedly mishandled data. Through the official settlement website, facebookuserprivacysettlement.com, users who have previously made claims can check the progress of their submissions. Using their Claim ID, which was sent to them via email when the claim was initially filed, users can log in. Updates on Facebook Settlement Payment Status 2024 can be checked via facebookuserprivacysettlement.com
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Juniper Leena is a lawyer and finance graduate. She loves to write articles about the USA economy and social security. In her free time, she enjoys playing chess. She is the head of the writing team at Fort Hunt Herald and reports to Niamh Prescott. She also completed her MBA in finance in 2018.
The only ones who make out from a class action lawsuit are the lawyers!