Facebook has reached a preliminary agreement to end litigation with users of the platform who are seeking damages and interest because it allowed third parties, including Cambridge Analytica, to access their personal data.
In a document filed yesterday Friday in a San Francisco court, Facebook refers to the “agreement in principle” and requests a 60-day suspension of proceedings “in order to finalize the agreement in writing and present it to the court.”
The company that runs the social networking site has not indicated the amount of compensation it intends to pay, nor the terms to close this dispute, which started with a class action.
Meta, the parent of Facebook, had no comment on Saturday when asked about it by AFP.
The deal is being announced as Meta Chairman and CEO Mark Zuckerberg and CEO Sheryl Sandberg, who announced her resignation in June after 14 years at the company, are expected to testify in September over the scandal.
In the process that began in 2018, users of the platform accused the social networking site of violating privacy rules when it shared their data with third parties such as Cambridge Analytica, which was linked to Donald Trump’s 2016 election campaign.
Cambridge Analytica — which has since been shut down — collected and used, without their consent, personal data of 87 million Facebook users to which the platform gave it access.
This information was allegedly used to build a software tool intended to direct the vote of American voters to Mr. Trump.
In July 2019, federal authorities fined Facebook $5 billion for “misleading” its users and also ordered an independent audit of how it handles its users’ personal data.
After the Cambridge Analytica scandal broke, Facebook suspended access to users’ personal data in thousands of apps it was concerned were abusing it, limited the amount of information available to app developers in general, and made it easier for users , access to options and settings for their personal data.
Source: AMPE
Source: Capital
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