Well, actually Facebook wants to pay a portion of $725 million.
Facebook users who had an active account at any time between May 2007 and December 2022 can apply to receive a piece of Facebook’s $725 million settlement related to the Cambridge Analytica lawsuit.
Meta [Facebook’s Parent Company] in December agreed to the payment to settle a longstanding class action lawsuit accusing it of allowing Cambridge Analytica and other third parties to access private user information and misleading users about its privacy practices.
The legal battle began four years ago, following an international outcry from the company’s disclosure that the private information of as many as 87 million Facebook users was obtained by Cambridge Analytica, a data analytics firm that worked with the Trump campaign.
The California judge overseeing the case granted preliminary approval of the settlement late last month, and Facebook users can now apply for a cash payment as part of a settlement.
The claim form [See link below] — which requires a few personal details and information about a user’s Facebook account — can be filled out online or printed and submitted by mail. The form takes only a few minutes to complete and must be submitted by August 25 to be included as part of the settlement.
https://facebookuserprivacysettlement.com/#submit-claim