Profit Sheets

Meta will pay $90 million to settle an old privacy lawsuit

February 20, 2022 12:45 PM

Meta will pay $90 million to settle an old privacy lawsuit
The lawsuit had claimed that Facebook continued to track and collect data from users, even after they had logged off from the service.

A 2012 lawsuit against Facebook will finally come to a close. Meta, the social network’s parent company has agreed to a settlement of $90 million, in a privacy case that saw it accused of user tracking.

The lawsuit had claimed that Facebook continued to track and collect data from users, even after they had logged off from the service.

All plaintiffs affected by the data tracking will receive a portion of the $90 million settlement, and Facebook will delete all data, improperly collected from them.

In a statement given to The Verge, Meta’s Drew Pusateri told the publication that, “Reaching a settlement in this case, which is more than a decade old, is in the best interest of our community and our shareholders and we’re glad to move past this issue.”

The decade old lawsuit was dismissed in 2017 by a federal judge who said the affected users failed to show that they suffered monetary damages or had any reasonable expectations for privacy.

Then in 2020, the case was revived with a ruling that Facebook’s data collection did affect the plaintiffs financially and the social network did so without the explicit permission from them.

Also Read : Meta beefs up vigil on social media content as elections kick off, assures additional steps if needed

Facebook appealed to move the case to the Supreme Court, which declined, letting the ruling stand.

“Even before the Settlement was reached, this litigation had already profoundly improved privacy rights,” read the settlement proposal.

“The Ninth Circuit clarified that when personal data is unlawfully copied and monetized, the result is economic harm (not just privacy harm) even if the value of the data in plaintiffs’ hands does not diminish,”

The settlement will apply to any users that visited websites with a Facebook (meta) like button between April 2010 and September 2011.

Leave a comment

Your email address will not be published. Required fields are marked *

NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
ITC 253.75 1.83 1,26,68,576
M&M 807.10 1.73 48,32,584
JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
HINDUNILVR 2,043.00 1.34 16,38,568
COMPANY LTP %CHNG VOLUME
HINDALCO 569.90 -4.98 1,67,38,310
DIVISLAB 4,431.15 -2.37 3,48,495
APOLLOHOSP 4,525.45 -1.94 8,77,622
RELIANCE 2,634.00 -1.46 33,99,115
CIPLA 1,014.65 -1.39 12,17,592