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Fox News
Fox News
22 Apr 2023


Facebook has just made a $725 million settlement after numerous lawsuits accused the social media giant of violating its users' privacy. Here's what we know so far and how you can get your money. 

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Allegedly, Facebook took its users' data as well as data on specific users' friends and shared it with third parties. Some of these third parties included app developers, business partners, advertisers, and data brokers. Facebook did this without the permission of the users, and it also did not monitor exactly how this data was being used or how the data was accessed. 

This isn't the first time that Facebook has been caught sharing data in an unauthorized manner. Last year, the company settled another $650 million settlement with residents of Illinois after it was caught storing and collecting their biometric data without consent. 

smartphone facebook

Logging into Facebook on your mobile phone (Fox News)

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You could make a few bucks from this lawsuit, depending on a couple of variables. These variables include how long you've had an account with Facebook and how many people end up submitting claims for money. If you had an account with Facebook any time between May 24, 2007, to December 22, 2022, you may be eligible for compensation. 

However, the settlement will distribute points for every month you had an account and then split the money based on those numbers after the lawyers receive their pay. Around 250 million to 280 million may be eligible for payment, even if the payment is small. 

money finance

Woman smiles with cash in her hand (Fox News)

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You must file a claim no later than August 25, 2023, to receive payment from the settlement. Here is the link to the form, and you pretty much just need to fill out basic information like your name, email address, when you had a Facebook account, etc. 

Having an account during the dates listed above automatically makes you part of the settlement, however, doing nothing will prevent you both from getting paid and from the right to sue, continue to sue, or be part of another lawsuit against Facebook related to these legal claims. 

Facebook

Woman using her laptop to log into Facebook (Fox News)

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If you decide that you want nothing to do with the settlement and are considering taking additional legal action, you may opt out of it on or before July 26, 2023, by submitting a completed and signed opt-out request online or by U.S. mail to the following address: 

Facebook Consumer Privacy User Profile Litigation 
c/o Settlement Administrator 
Attn: Exclusion 
P.O. Box 58220 X
Philadelphia, PA 19102 

To get alerts like this and more of my tech tips, subscribe to my free CyberGuy Report Newsletter at CyberGuy.com/Newsletter.

Copyright 2023 CyberGuy.com. All rights reserved.

Kurt "CyberGuy" Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on "FOX & Friends." Got a tech question? Get Kurt’s CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com.