The Facebook settlement has been a hot topic, with a $725 million class action privacy settlement finally approved by a federal court in California. If you’re among the millions who filed a claim, you might be curious about the Facebook Settlement Payout Per Person in March 2024.
Each eligible user is expected to receive $30 USD on average from the settlement. This comes after Facebook agreed to settle a privacy lawsuit, with the payout dates now set for March 2024.
Summary of Facebook Settlement Payout Per Person
| Aspect | Details |
|---|---|
| Settlement Amount | $725 million |
| Judgement Date | 10th October 2023 |
| Eligible Duration | 24th May 2007 to 22nd December 2022 |
| Payment Date | Expected in March, 2024 |
| Amount Per Person | $30 USD |
| Eligibility Criteria | Active account from 2007 to 2022, used over 6 hours |
| Application Completion | August 2023 |
| Claim Verification | By Angeion, before payment release |
Understanding the Settlement
Facebook’s privacy lawsuit settlement has been finalized, with Meta, its parent company, announcing a $725 million fund for affected users. The court ordered Facebook to pay a $25 million fine and allocate the remainder to users within a 90-day period, with payments expected in the early months of 2024.
What Will You Receive From The Facebook Settlement Amount Per Person In March 2024?
Who is Eligible?
Not all of the over 2 billion claims will receive the same amount. Eligibility depends on the duration of Facebook usage and exposure to data breaches, requiring an active account between 2007 and 2022 and significant use time.
An average of $30 per eligible user is expected, varying based on the account’s duration within the eligibility period. Payments will commence in March 2024, following Judge Vince Chhabria’s approval.
Payment Methods
Claimants can receive their settlement via PayPal, Venmo, prepaid Mastercard, Zelle, or a check mailed to their address. The chosen method on the claim application will determine how the funds are distributed.
Recent weeks have seen anticipation for the settlement checks, with Angeion overseeing the review of 28 million claims. However, around 50,000 applications have been rejected due to inaccuracies or fraud attempts.
Frequently Asked Questions
What is the Facebook Settlement Payout Per Person?
The payout per person from the Facebook settlement is $30 USD on average, following a $725 million class action privacy settlement.
When will the Facebook Settlement Payouts begin?
Payouts are expected to start in March 2024, after all claims have been verified.
How can I receive my Facebook Settlement payout?
Eligible claimants can receive their payout via PayPal, Venmo, prepaid Mastercard, Zelle, or a mailed check, based on their selected option in the claim form.
What should I do if my claim was rejected?
If your claim was rejected, check your email (including spam folder) for a notification and instructions on how to appeal within ten days.
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