Facebook’s parent company Meta has agreed to settle the Cambridge Analytica case for $725 million, a US District Court filing reveals. The proposed settlement would resolve a case that has been ongoing since 2018, in which Facebook was accused of allowing the third-party consultancy firm to access the data of nearly 87 million users.
Cambridge Analytica, a now defunct company, worked for Donald Trump’s successful presidential campaign in 2016. It obtained personal information from Facebook accounts for voter profiling and targeting without users’ consent.
The case prompted governments around the world to reevaluate their privacy practices, and Facebook agreed to pay $5 billion in 2019 to settle a Federal Trade Commission investigation and then an additional $100 million to settle Securities claims. and Exchange Commission, both related to user privacy and how their data is used.
The settlement has yet to be approved by a federal judge in the San Francisco division of California’s Northern District Court. Meta, quoted by Reuters he admitted no wrongdoing and said he had “revamped the approach to privacy and implemented a comprehensive privacy program”.
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