Meta Agrees to Pay $725 Million to Settle Lawsuit Over Cambridge Analytica Data Leak | #shorts

#meta #facebook #2020election
To settle a long-running class action lawsuit claiming that it allowed Cambridge Analytica and other third parties to access private user data and deceived users about its privacy practices, Facebook parent firm Meta has agreed to pay $725 million. Upon the announcement that Cambridge Analytica, a data analytics business that worked with Donald Trump's campaign, had gained access to the private details of as many as 87 million Facebook users, the planned resolution would bring an end to a four-year legal battle. The data breach drew the attention of authorities on both sides of the Atlantic, leading to an enormous worldwide controversy for Facebook.