Time is Running Out for Texans To Get Some of Facebook’s $725 Million Settlement

If you missed the news in December, Facebook was hit with one heck of a class action lawsuit and agreed to pay out $725 million in a settlement over privacy violations. Facebook, now rebranded as Meta, has said the settlement was not an admission of any wrongdoing.

CNBC breaks it down...

"The settlement, signed in December 2022, was the largest class action settlement of its kind, according to Keller Rohrback, the law firm that brought the class action suit. It ended years of litigation over Facebook’s role in improper data sharing with a data consultancy firm used by Donald Trump’s 2016 presidential campaign."

So what does that have to do with you getting a piece of the $725 million? Well, CNBC breaks it down again...

"People who had an active U.S. Facebook account between May 2007 and December 2022 have until Aug. 25 to enter a claim. Individual settlement payments haven’t yet been established because payouts depend on how many users submit claims and how long each user maintained a Facebook account."

So, I filled out the form since I've been a Facebook user since I fall as a user in the time period specified. And I can confirm that it's an easy process. All you need to do is provide your name, address, phone, Facebook user name and how method of receiving payment.

If you fit the criteria and want to sign up for the settlement you can do so at facebookuserprivacysettlement.com. However, you do this at your own risk. Do your own research...but remember the deadline for submitting this Claim Form is August 25, 2023 at 11:59 PM Pacific time.

WHEN DO YOU GET PAID? AND HOW MUCH?!

Well, good questions.  And, the Hill answered both questions...

"After the claim deadline on Aug. 25, there is still a final settlement hearing, which is scheduled for Sept. 7, 2023 at 1 p.m. Pacific Time. It’s not clear the exact date payments will be issued, but the soonest they could be sent out is after the September court date... Based on similar large class action settlements,  the higher end of payments might be in the “triple digits,” with many more receiving less than $100."

Think you might be one of these triple digit folks? Well, if you want to find out, you better hurry!