c994d02922b4f232d0dcff70499775a7084fa52a Opportunity for Compensation Possible Payouts for Facebook Users in Class Action Lawsuit Settlement
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Opportunity for Compensation Possible Payouts for Facebook Users in Class Action Lawsuit Settlement

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Attention all Facebook users! If you were active on the platform between May 2007 and December 2022, you could soon be eligible to receive a generous cash payment. Meta Platforms, the parent company of Facebook, has reached a preliminary agreement to settle for a whopping $725 million with users who claim that their data was improperly accessed or shared without their consent, particularly by Cambridge Analytica.

Although the settlement still awaits final approval in September, time is of the essence to submit claims and secure your share of the settlement. If you were a Facebook user in the United States during the specified period, regardless of your level of activity, you are eligible to claim your portion. Whether you have one account or multiple accounts, this settlement could be your golden opportunity to receive a cash payment.

To determine your inclusion in the settlement group, simply reach out to info@FacebookUserPrivacySettlement.com. Act swiftly, as the deadline for submission is looming. All claim forms must be submitted by August 25, 2023. You have the option to complete the form online or download it and mail it to the settlement administrator's address: Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch St., Suite 2210, Philadelphia, PA 19103.

The exact amount of money individuals will receive from the Facebook class-action lawsuit settlement will vary depending on multiple factors. These factors include the number of people who submit claims and the deduction of administrative costs and attorneys' fees from the settlement fund before its distribution.

Once the Court grants Final Approval of the Settlement and resolves any appeals, the claim website states that settlement payments will be promptly distributed to eligible parties. Given Facebook's vast user base and the 16-year duration of the settlement, millions of people potentially qualify to submit a claim. In 2022, the total number of Facebook users in the U.S. was estimated to be around 240 million, according to Statista.

Although Meta, the parent company of Facebook, agreed in principle to pay the settlement in December 2022, it maintains that it is not admitting any liability or wrongdoing. Meta stated that settling the class-action suit was done in the best interest of their community and shareholders. The company also emphasized that it has implemented a comprehensive privacy program and improved its privacy approach.

During the Cambridge Analytica scandal in 2018, then-Facebook CEO Mark Zuckerberg expressed regret, saying, "I'm really sorry that this happened."

In Friday morning's trading, Meta shares experienced a slight decline of just over 2%. However, the stock has seen significant growth of almost 131.98% in 2023, outperforming the S&P 500's 13.46% gain during the same period.

Don't miss out on this incredible opportunity to obtain the compensation you deserve. Seize the moment and claim your cash before it's too late.

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