106 Facebook owner Meta Platforms Inc has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed the British political consulting firm Cambridge Analytica to access data of as many as 87 million users. Lawyers for the plaintiffs called the proposed settlement the largest to ever be achieved in a U.S. data privacy class action and the most that Meta has ever paid to resolve a class action lawsuit. You Might Be Interested In Morningstar Finds Investors Saved Nearly $9.8 Billion In Fund Fees In 2022 BYD, Chinese EV Automaker: Debuts Han Sedan in the Middle East Salesforce’s no-code config tool Sweep raises $28 million in funding round Goldman Sachs Ends $1 Million-Per-Year Sponsorship Deal with Golfer Patrick Cantlay Amid Retail Banking Shift Block’s Strong Q3 Earnings Trigger 19% Surge in After-Hours Trading ExtonGlobal Revolutionizes Decision-Making with Seamless AI Integration
