Facebook Users in the U.S. Can Now Claim Money From Cambridge Analytica Settlement

[Mlrollin91]

Remember to give Lawyers their 80% share of the award.

The settlement agreement calls for a maximum of 25% for attorneys' fees. Everyone always thinks that lawyers make bank on cases like these - while lawyers can make a good amount of money, its the experts that really win. As someone that has been involved in several class action matters, our experts are the real winners. Some getting $1000-$1500 per hour. Our highest attorney hourly rate is $525, and the Court usually cuts it in half.

 

[CalMin]

I'm gonna be rich! Wait...

 

[Mr. Dee]

Claimed mine already, thanks Zucky.

 

[cdsapplefan]

Only $725 million? I’ll take that and a bag of Ruffles chips 😁

 

[corinthos]

Don't give Zuck your name and address!

 

[sw1tcher]

725 million divide by 87 million users.. minus legal fees…
Your data is worth about 8 bucks 🤣🤷‍♂️

Probably less than 10% of users will sign up

Enjoy the 46 cents.

Can't afford large McDonald's fries.

Cambridge Analytica settlement check comes in.

Still can't afford large McDonald's fries.

$725 million minus legal fees. Let's say legal fees are $5 million.

There were 242 million monthly active users in the U.S. and Canada at end of 2018. Let's say 75% of those users are U.S. considering population size of U.S. vs Canada. That's 181.5 million. 10% of that is 18.15 million.

[($725 million - $5 million) ÷ 18.15 million] = $39.67

 

[Mlrollin91]

$725 million minus legal fees. Let's say legal fees are $5 million.

There were 242 million monthly active users in the U.S. and Canada at end of 2018. Let's say 75% of those users are U.S. considering population size of U.S. vs Canada. That's 181.5 million. 10% of that is 18.15 million.

[($725 million - $5 million) ÷ 18.15 million] = $39.67

View attachment 2191441

Legal fees will likely be closer to $100-150million. So about $30 a user after fees and all that. Settlement agreement caps fees at 25%.

 

[sw1tcher]

Legal fees will likely be closer to $100-150million. So about $30 a user after fees and all that. Settlement agreement caps fees at 25%.

I'm sure legal fees will be quite a bit more. I was just being very generous.

Using your $100 million number, pay out would be...

[(725 million - $100 million) ÷ 18.15 million] = $34.44

 

[jimbobb24]

I am excited from the settlements of all the other parties that used Facebook and Google information in elections. Should be great!

 

[lsutigerfan1976]

I never get any money from these things. Someone can say if you were alive from this day to this day. We owe you money. I fill out the form and never hear anything back afterwards.

 

[NY Guitarist]

I deleted my Facebook account a few years ago so it feels really suspicious to send them my personal info now.

 

[fromgophonetoiphone]

I hate this data breach as much as everyone else, but I wonder if people really thought this one through:

1. CA was the one that got caught, but think about it. If you were on FB back in 2006, they had idiotic apps like Super Poke, drawing apps, etc. There was so much user data harvested and collected. Who knows whatever happened to that data. Same era as Farmville and all sorts of junk apps.
2. While we could argue FB didn't do a good job with data privacy, honestly who did? Windows, and even early versions of Android had really no permissions model. If you installed apps they were free to do whatever they wanted to do. Apps in the early 2000s on Windows could've stolen everything if they wanted. This is just the nature of the beast.
3. iOS did stuff properly from a security standpoint, but if you look at Mac in the early days of iOS, it was just as vulnerable as Windows or Android from a permissions standpoint.

I'm claiming my share here, but I also think some of the outrage was overblown.

 

[eas]

So basically, you might get a few bucks, but they still won't tell you who they sold your personal information to.

 

[HorstBockman]

Is this a record settlement of any particular type? I'm thinking about the Fox News settlement which was supposedly huge and record-setting for libel cases but just a few more million dollars than this one for Meta.

 

[_z_]

The risk is greater than the reward here with giving them your payment info

Nah, you're looking at it all wrong. Because after they have your info stolen or sold, there will be another lawsuit to make up for that. With the $8 users get from this lawsuit and the $12 from the future banking info lawsuit, you've made a cool $20!

 

[segfaultdotorg]

Meta only paid $725 million, it is likely that payments will be small.

Sweet! The free market at work!

 

[rafark]

I hate this data breach as much as everyone else, but I wonder if people really thought this one through:

1. CA was the one that got caught, but think about it. If you were on FB back in 2006, they had idiotic apps like Super Poke, drawing apps, etc. There was so much user data harvested and collected. Who knows whatever happened to that data. Same era as Farmville and all sorts of junk apps.
2. While we could argue FB didn't do a good job with data privacy, honestly who did? Windows, and even early versions of Android had really no permissions model. If you installed apps they were free to do whatever they wanted to do. Apps in the early 2000s on Windows could've stolen everything if they wanted. This is just the nature of the beast.
3. iOS did stuff properly from a security standpoint, but if you look at Mac in the early days of iOS, it was just as vulnerable as Windows or Android from a permissions standpoint.

I'm claiming my share here, but I also think some of the outrage was overblown.

And let’s not forget that’s YOU who voluntarily submit the data to Facebook servers. Why do they call it *your* data when it’s in their servers (a private for profit company), I don’t understand.

It’s like if macrumors shared the posts I’ve written on this site with a third party. I wouldn’t be mad, why would I? I’d be mad if they extracted data from MY device without my permission and shared it with a third party for profit.

 

[goobot]

I got $135 from the iPhone battery settlement. It's not earth-shattering but it was worth the 5 minutes to fill out the form.

When did you get it cause I never did

 

[kaycrystal626]

Good. They need to pay up!

 

[svish]

Each person will be getting a very small settlement amount

 

[acorntoy]

Speaking of fries, anyone that still pays for fries is a fool, free fries everyday through the app, best fast food fries out there

It's not worth it. They look down on the thrifty.

 

[F-Trunks]

too much effort for less than 4 bucks.

 

[RalfTheDog]

The problem is, Cambridge Analytica has to pay out the same amount no matter what. If my taking the settlement cost CA more, I would take the money. As it is, filling out the form and such is more work than the payout justifies.

 

[cyanite]

Why was the fine so tiny? Do criminals get a huge rebate if they sell personal data of a billion people at once instead just a few?

Like someone else mentioned, this is a settlement and not a fine. Also, Facebook didn’t sell this data or even actively did anything with it. It was obtained for free by CA via an app on the Facebook app platform. Back then, there wasn’t a lot of data protection there (and probably elsewhere).

 

[DarthDon]

I hate this data breach as much as everyone else, but I wonder if people really thought this one through:

1. CA was the one that got caught, but think about it. If you were on FB back in 2006, they had idiotic apps like Super Poke, drawing apps, etc. There was so much user data harvested and collected. Who knows whatever happened to that data. Same era as Farmville and all sorts of junk apps.
2. While we could argue FB didn't do a good job with data privacy, honestly who did? Windows, and even early versions of Android had really no permissions model. If you installed apps they were free to do whatever they wanted to do. Apps in the early 2000s on Windows could've stolen everything if they wanted. This is just the nature of the beast.
3. iOS did stuff properly from a security standpoint, but if you look at Mac in the early days of iOS, it was just as vulnerable as Windows or Android from a permissions standpoint.

I'm claiming my share here, but I also think some of the outrage was overblown.

The difference is whether you lose or sell something.