Meta to Pay $725 Million to Settle Class Action Lawsuit Over Cambridge Analytica

This resulted in a record settlement whereby Facebook had to pay $5 billion to the FTC, as well as another $100 million payment to the United States Securities and Exchange Commission for misuse of data.

While Cambridge Analytica closed after the 2018 allegations and Facebook changed its name to Meta last year in an attempt to put the controversy behind it, this case continues to bring a lot of trouble for the company and its chief executive, Mark Zuckerberg.

It should be remembered that in May of this year, the Attorney General of the District of Columbia, Karl Racine, sued Zuckerberg for the case, considering that the businessman “was directly responsible” for creating lax rules that allowed the consultant to collect data, a violation of the US Consumer Protection Procedure Law.

“This unprecedented security breach exposed the personal information of tens of millions of Americans and Mr. Zuckerberg’s policies enabled a multi-year effort to mislead users about the extent of Facebook’s illegal conduct,” Racine wrote in a statement. .