How much will I receive from the Facebook settlement?
The Facebook settlement, which was announced in 2019, has been a topic of great interest for many users of the social media platform. The settlement was a result of a lawsuit filed against Facebook for its use of users’ data without their consent. As the settlement process continues, many users are curious about how much compensation they will receive. In this article, we will explore the details of the Facebook settlement and provide an overview of the potential compensation amounts for eligible users.
The Facebook settlement, formally known as the Facebook Biometric Information Privacy Litigation, was initially estimated to be worth $650 million. However, as the process unfolded, the amount has been adjusted several times. The final settlement amount was reduced to $550 million, with a portion of that amount being allocated to attorneys’ fees and costs.
To determine how much each eligible user will receive, the settlement administrator will take into account several factors, including the number of users affected and the amount of damages awarded. According to the settlement terms, eligible users will receive a cash payment ranging from $7 to $40, depending on the number of claims submitted.
Eligibility and Compensation Amounts
To be eligible for the Facebook settlement, users must have been a Facebook user between July 21, 2011, and March 17, 2019. Additionally, they must have had their biometric information collected, used, or disclosed by Facebook during that time period.
The compensation amounts are as follows:
– Users who submitted a valid claim and provided their biometric information will receive a payment of $7.
– Users who submitted a valid claim but did not provide their biometric information will receive a payment of $40.
– Users who did not submit a claim will not receive any compensation.
Submitting a Claim
To receive compensation from the Facebook settlement, eligible users must submit a claim before the deadline, which is expected to be in February 2021. Users can submit their claims online through the settlement administrator’s website.
Conclusion
The Facebook settlement is a significant step towards addressing the concerns raised by users regarding the privacy and use of their biometric information. While the compensation amounts may vary, eligible users have the opportunity to receive some form of compensation for the misuse of their data. It is important for users to check their eligibility and submit their claims before the deadline to ensure they receive their share of the settlement.
