Meta agrees to pay US$725mil to settle privacy lawsuit

The settlement brings Meta a step closer to resolving the 2018 suit brought by Facebook users. — Reuters

NEW YORK: Meta Platforms Inc has agreed to pay US$725mil (RM3.2bil) to settle a long-running lawsuit that claimed Facebook illegally shared user data with the research firm Cambridge Analytica.

It’s “the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action,” the plaintiffs said in a court filing late Thursday.