If you want to know how to claim Facebook settlement, then this article will be the perfect read for you. Facebook might have to pay out $725 million in compensation to all those who used Facebook between May 24, 2007, and December 22, 2022. When the news broke out, many assumed it might be a scam.
But this isn’t any scam. Facebook had been involved in a 5-year-old class action privacy lawsuit. The final hearing of the case is scheduled on September 7, 2023. So what’s this back story, and how can you get paid out of this $725 million pool?
What is this case all about?
The case traces its origins back to the 2016 US Presidential campaign.
Cambridge Analytica, a political consulting firm based in the UK, was handling Donald Trump’s Presidential campaign. The firm managed to obtain private data on Facebook users and then used it for building voter profiles. This massive privacy breach was used for unlawful political favours.
In 2018 the class action litigation was filed. Furthermore, it was revealed that Cambridge Analytica accessed the private data of at least 87 million user profiles.
don’t forget to submit y’all’s settlement claims for the facebook lawsuit. I’m getting my $3 idc.
— cholä sevigny (@xikimariposa) April 24, 2023
I didn’t file any case; how am I eligible for compensation?
You are eligible to receive compensation even if you didn’t file the case. Under the class litigation action, one or a few plaintiffs can file a lawsuit on behalf of those who have been affected directly/indirectly.
How can I file the claim?
The claim form is available on this website. Open it up and enter all the relevant details the form asks you to fill in ( name, postal address, Facebook username, email address). Ensure you enter the email address with which you created your Facebook account. The most important thing to know is that the form must be filled out before August 25, 2023.
How To Claim Facebook Settlement?
The Internet has been buzzing with queries regarding how to claim Facebook settlement. The simplest way is to click the submit button at the end of the form. There’s another option to submit the form- Download and print it and then send it to the following address.
Settlement Administrator
Facebook Consumer Privacy User Profile Litigation
c/o Settlement Administrator
1650 Arch St., Suite 2210
Philadelphia, PA 19103
How can I receive the payment?
So the main question is how to claim Facebook settlement? Well, you need to select the payment option while filling out the claim form. The options provided in the form include a direct transfer to your bank account, Venmo, Zelle, Paypal and Mastercard. The payment option states that the contact details you enter for payment must match the details shared above. A link at the bottom of payment options will help you select the option to receive compensation through a paper check.
When can I expect the payment?
The court hearing is on September 7, 2023. Only after the final hearing on the case and judgment have been made can you expect to get something. Remember that the approval of the settlement wouldn’t imply that you can instantly get payment. Post-ruling appeals can delay the same.
You can now apply for your share of a $725 million Facebook data privacy class action settlement payout if you used Facebook in the last 16 years
Facebook users who had an active account between May 2007 and December 2022 can apply for a share of a $725 million settlement
Users…
— Andrew Lokenauth (@FluentInFinance) April 19, 2023
How much payment can I expect to get?
Now you know how to claim Facebook settlement, it is time to look at the payment you might get. See it is difficult to arrive at a definite payment amount. There are many factors that can influence the payment you’ll receive. The first thing is to know the number of Facebook users who will fill out the claim.
The USA has roughly 250 million Facebook users in 2023. And we expect that 60-70% of users can fill out the form.
Then the next factor is the lawyers’ fees. They will get around 25 per cent of legal fees (that comes out to be $181.3 million). This leaves the Facebook settlement amount to be $543.7 million. Ignoring any additional cost, we think an individual will get can be between $6-$10. Please note that this is a rough calculation, and the actual yield can be lower or higher.
Well, you need to wait for some months to know the final decision.
