HomeLatest NewsFacebook agrees to settle Cambridge Analytica privacy lawsuit

Facebook agrees to settle Cambridge Analytica privacy lawsuit

Facebook said it was submitting a draft ‘agreement in principle’ and requested a 60-day suspension of the process to finalize it.

Facebook said it was submitting a draft ‘agreement in principle’ and requested a 60-day suspension of the process to finalize it.

Facebook has reached a preliminary settlement in a long-running lawsuit seeking compensation from the social network for allowing third parties, including Cambridge Analytica, to access users’ personal data.

According to a document filed Aug. 26 in a San Francisco court, Facebook said it was submitting a draft “agreement in principle” and requested a 60-day suspension of proceedings to finalize it.

The social network did not indicate the amount or terms of the settlement in the class action.

When asked by AFPFacebook said late on August 27 that it had “no comment to share at this time.”

The deal comes as Meta boss Mark Zuckerberg and former chief operating officer Sheryl Sandberg, who announced her resignation in June, testified in court in September as part of the scandal.

In a lawsuit that began in 2018, Facebook users accused the social network of violating privacy rules by sharing their data with third parties, including Cambridge Analytica, a firm linked to Donald Trump’s 2016 presidential campaign.

Cambridge Analytica – which has since been shut down – collected and exploited the personal data of 87 million Facebook users, without their consent, to which the platform had given it access.

This information was allegedly used to create software for steering US voters in favor of Mr Trump.

In 2019, federal authorities fined Facebook $5 billion for misleading its users and imposed independent oversight of its personal data management.

Since the Cambridge Analytica scandal broke, Facebook has removed access to its data from thousands of apps it suspects of abusing it, limited the amount of information available to developers and eased restrictions on sharing users’ personal data.

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