Facebook parent company Meta has agreed to pay $725 million to settle a class-action lawsuit claiming it improperly shared users' information with Cambridge Analytica, a data analytics firm used by the Trump campaign.
The proposed settlement is a result of revelations in 2018 that information of up to 87 million people may have been improperly accessed by the third-party firm, which filed for bankruptcy in 2018. This is the largest recovery ever in a data privacy class action and the most Facebook has paid to settle a private class action, the plaintiffs' lawyers said in a court filing Thursday.
