- Jun 14, 2011
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has agreed to pay $725 million to settle a long-running class-action lawsuit filed in 2018.
The legal dispute sprang up in response to revelations that the social media giant allowed third-party apps such as those, including Cambridge Analytica to access users' personal information without their consent for political advertising.
The proposed settlement, first reported by Reuters last week, is the latest penalty paid by the company in the wake of a number of privacy mishaps through the years. It still requires the approval of a federal judge in the San Francisco division of the U.S. District Court.
Facebook has reached a settlement of$725 million in a lawsuit over the Cambridge Analytica data leak.