Meta has agreed to settle a Class-Action suit filed by Facebook users who had their personal data used without permission by Cambridge Analytica.
. A lawsuit filed last year claims that Facebook paid $4.9 billion more than necessary to the FTC to guarantee that its co-founder and CEO Mark Zuckerberg would not be named in the FTC complaint.The latest lawsuit settled by Meta is not criminal but is a Class-Action civil suit and the financial terms of the settlement were not released.
While the amount that Meta agreed to fork over is not known, legal experts said that Meta would have been on the hook for hundreds of millions of dollars had it lost the case in court. The filing filed with the court by both sides asks the judge presiding over the case in San Francisco federal court to put the suit on hold for 60 days as lawyers representing the plaintiffs and those representing Meta produce a written document discussing the terms of the settlement.
Cambridge Analytica, seeking business from other political campaigns following Trump's 2016 shocker, created a slide show for potential customers showing how it came into a campaign in disarray and whipped it into shape.
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