Facebook Settlement Amount 2024: Payment Dates & Amount Details Revealed

We all know that in 2023, a major class action lawsuit was filed against Facebook the parent company of Meta Inc. with around $725 Million for settlements.  The Consumer Privacy User Litigation (Lawsuit) alleged that Facebook mishandled user data and gave access to unauthorized third parties to access private user information.  

The Facebook Settlement is an important step for addressing the data privacy problem and also ensuring that social media platform companies are responsible for how to handle their user data.  Below we give you detailed information about Facebook Settlement and also cover the Facebook Settlement Payout date and how much amount users get from Facebook. Learn About How to Host Worpress Site on AWS EC2 for Free.

Facebook Settlement Amount 2024 Overview 

In 2023, the lawsuit of the failed case against Facebook for The Consumer Privacy User Litigation stated that Facebook was misusing their data. In response, Facebook also gives some replay through their lawsuit and the case held in a Federal Court in California. The result of the case was a Federal Court decision with the settlement and the settlement amount was $725 million to be distributed to those who filed a legitimate claim. 

Facebook’s parent company Meta, Inc. has agreed to settle the lawsuit for $725 million. Anyone who filed their claims by 25 August 2023, will receive a payment. The payments were supposed to start at the beginning of 2024, but it’s mid-2024 and still has not started. The delay is due to various reasons that we don’t know. 

Who gets the Facebook Settlement amount? Or eligibility for receiving Facebook Settlement amount.

To be eligible for the Facebook settlement, US users needed to have been active on the platform between 24 May 2007, and 22 December 2022. The deadline for submitting claims was in August 2023. On 27 August 2022, Facebook and the plaintiffs reached a temporary settlement agreement. 

Facebook officially agreed to the $725 million payout on 23 December 2022. In March 2023, a federal judge gave tentative approval to the settlement. After a few months on 07 September 2023, some members raised objections to the settlement terms but against these objections, the court gave final approval on 10 October 2023, though they mentioned that any appeals could delay the payouts.

Facebook Settlement Payout Date and Facebook Settlement Amount 

The payout to eligible citizens from the Facebook settlement was initially expected at the start of 2024. However, the exact date has not been provided. Many are now anticipating the payout in August 2024, but the reasons for the delay remain unknown.

The total settlement amount is fixed at $725 million. Those who submitted their claims are eligible for a payout, which depends on their Facebook usage history. The longer someone has used the platform, the higher their benefit amount will be.

While eligible participants will receive their payout, there could be delays. An average compensation of $30 per participant is expected, though this amount is not confirmed.

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Conclusion 

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