Facebook parent Meta settles decade-old data-privacy lawsuit over 'cookies' – Business Standard

Facebook parent Meta Platforms Inc. has settled a decade-old class action lawsuit over the company’s use of cookies in 2010 and 2011 that tracked people online even after they logged off the Facebook platform. As part of the proposed settlement, which must still be approved by a judge, Meta has agreed to delete all the data it wrongfully collected during that period. The company, which posted profits of $39.37 billion in 2021, will also pay $90 million to users who filed a claim, after lawyer fees are deducted. Reaching a settlement in this case, which is more than a decade old, is in the best interest of our community and our shareholders and we’re glad to move past this issue, said Meta spokesperson Drew Pusateri in a statement on Tuesday. According to the lawsuit, Facebook got people’s consent to track them while they were logged in to its platform but promised to stop the tracking once they logged out. But the suit claimed that Facebook continued to track users’ browsing activity even after they had logged off. The case had been winding its way through lower courts since 2012 and last year the Supreme Court declined to hear it. Back…
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