A federal court in California has granted final approval for Facebook’s $725 million class action privacy settlement. Following Facebook’s multi-million dollar settlement of a privacy lawsuit earlier this year, millions of users have demanded a share of the funds agreed upon by the social media firm as part of the deal. If you’re one among the millions who filed a legitimate claim, you’re undoubtedly wondering how much the Facebook Settlement Amount Per Person will be. We are pleased to inform you that the corporation has discharged its 725 million USD settlement payment. Each user will receive an average of USD 30.
Facebook Settlement Payout Date:
Millions of consumers have complained against the firm for sharing their data. Meta, Facebook’s parent company, announced the amount customers will get as a settlement. The US court eventually ordered the company to settle the complaint, imposing a $25 million fine and transferring $725 million in settlement cash to the consumers. The funds must be provided to the users within the 90 days specified by the court. It is projected that clients will get their final payment within the first few months of 2024. Many consumers have filled out the application form to receive the settlement amount. Before the funds are issued, the firm will verify the applications. The applications were completed in August 2023.
Who Will Receive Facebook Settlement?
Users have registered more than 2 billion times for the Settlement amount. Not all applications will be rewarded in the same amount. To receive the money, the user must first meet specific requirements. The sum will be determined by the time spent on the app and the online data breach. The application requires the user to have an active account from 2007 to 2022. The user should have spent more than six hours utilizing the program. We will not pay the settlement sum to users with bogus accounts. Users can apply if they believe their privacy rights have been violated.
Facebook Settlement Payment 2024:
An average salary of $30 per participant is expected. Before August 25th, about 17 million legitimate claims were filed. The amount each person receives will fluctuate depending on how long they had a Facebook account during the qualifying period. Judge Vince Chhabria anticipated in his judgment that the funds would be distributed 90 days after final approval of the settlement, putting the start date in early March 2024. The payment method you select on your claims application will be used to issue you your funds. When submitting a claim, you can receive funds via PayPal, Venmo, a prepaid Mastercard, Zelle, or an actual cheque mailed to your address.
Read Also – $300 Direct Deposit Child Tax Credit 2024: Eligibility And Payment Dates