Facebook parent Meta to pay $725M to settle privacy lawsuit over Cambridge Analytica Scandal

The settlement includes the appointment of an independent privacy monitor to oversee Facebook's data practices for the next 20 years and serves as a reminder that companies handling personal data must be transparent about their data collection practices and obtain user consent.

Facebook’s parent company, Meta, has agreed to pay $725 million to settle a privacy lawsuit related to the Cambridge Analytica scandal. The lawsuit was brought by the Federal Trade Commission (FTC) and a coalition of state attorneys general, who alleged that Facebook allowed the political consulting firm Cambridge Analytica to harvest the personal data of millions of users without their consent.

The settlement requires Meta to pay $650 million to the FTC and $75 million to the states involved in the lawsuit. The settlement also includes a number of additional requirements, including the appointment of an independent privacy monitor to oversee Facebook’s data practices for the next 20 years.

The Cambridge Analytica scandal broke in 2018, when it was revealed that the firm had obtained data on millions of Facebook users through a personality quiz app. The data was then used to target political ads to users during the 2016 presidential election.

The FTC and the state attorneys general alleged that Facebook had violated the terms of a previous settlement with the agency, which had required the company to obtain users’ express consent before sharing their data. The settlement announced today is the largest ever obtained by the FTC in a privacy case.

In a statement, Facebook CEO Mark Zuckerberg said that the company is “pleased” to have reached a settlement. “We’ve already made significant changes to our platform to better protect people’s data, and we’ll continue to do so,” Zuckerberg said.

The settlement is a reminder that companies that handle personal data must be transparent about their data collection practices and obtain consent from users. Facebook has agreed to pay a large sum as a penalty for not complying with the regulations, and it will be under strict scrutiny for the next 20 years to ensure they adhere to the data privacy laws.

By Robert Hornberg

Robert Hornberg is a seasoned journalist and visionary editor who brings a wealth of experience and a passion for storytelling to his role as the Managing Editor of the United States Daily Globe. With over a decade of experience in the field, he has honed his skills in uncovering captivating stories and leading teams to produce outstanding content. Prior to joining the United States Daily Globe, Robert worked as a foreign correspondent, traveling the world to cover underreported stories and gaining a unique perspective on the human experience. He is a native of the Pacific Northwest, and his love for the great outdoors has led him to pursue a variety of outdoor activities, including hiking, camping, and fishing. In his free time, he is an avid sports fan, and he loves nothing more than cheering on the Seattle Seahawks and the Seattle Mariners. He is also a proud parent to two young children and a dedicated husband to his wife. His commitment to journalistic integrity and his tireless work ethic have earned him recognition within the industry.

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