Facebook has recently agreed to a massive $725 million privacy settlement. Many are wondering about the Facebook Settlement Amount Per Person in March 2024. Let’s dive into the details.
On October 10, 2023, a California federal court approved the settlement. This decision means that eligible Facebook users will receive a payout. The expected date for these payments is March 2024.
Summary of Facebook Settlement Amount Per Person
Aspect | Details |
---|---|
Settlement Total | $725 million |
Judgement Date | 10th October 2023 |
Eligible Period | 24th May 2007 to 22nd December 2022 |
Payment Date | Expected in March 2024 |
Average Amount | $30 per person |
Website | facebookuserprivacysettlement.com |
Total Registrations | Over 2 billion |
Legitimate Claims | Around 17 million by August 25th |
Claim Verification | Completed by August 2023 |
Payment Methods | PayPal, Venmo, Mastercard, Zelle, Check |
Understanding the Settlement
Facebook’s parent company, Meta, announced the settlement following a lawsuit. The lawsuit accused Facebook of sharing user data without consent. The settlement includes a $25 million fine and $725 million for affected users.
How Much Will You Receive From The Facebook Settlement Payout Per Person In March 2024?
Who is Eligible for the Settlement?
To qualify, users must have had an active Facebook account from 2007 to 2022. The account usage should exceed six hours. Fraudulent accounts will not receive the settlement.
Each eligible user is expected to receive about $30. The amount varies based on the account’s active duration. Payments will be made via PayPal, Venmo, prepaid Mastercard, Zelle, or check.
Claim Status
Out of the 28 million claims, approximately 500,000 Americans are awaiting payment. However, around 50,000 claims have been denied due to fraud or incomplete documentation. Angeion, the company handling the fund, is reviewing the claims.
Judge Vince Chhabria stated that payments would start 90 days after the settlement approval. This places the start date in early March 2024. Users can choose their preferred payment method in the claims application.
The Facebook Settlement Amount Per Person is a significant development in digital privacy. It reflects growing concerns over personal data protection. Stay updated for more details as the payment date approaches.
Frequently Asked Questions
What is the Facebook Settlement Amount Per Person?
The Facebook Settlement Amount Per Person is around $30, part of a $725 million settlement over a privacy lawsuit.
When will the Facebook Settlement payments be made?
The payments are expected to begin in March 2024, following a court-approved schedule.
Who is eligible for the Facebook Settlement Amount?
Eligibility requires an active Facebook account from 2007 to 2022, with more than six hours of usage. Fraudulent accounts are excluded.
How will the Facebook Settlement Amount be paid?
Payments will be made via PayPal, Venmo, prepaid Mastercard, Zelle, or check, based on the user’s choice in the claim application.
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