Time is running out for eligible Facebook users to file a claim in a new nationwide settlement involving the social media giant and its parents company Meta. The deadline to file in the $725 million class-action settlement is just days away. The settlement was reached with Facebook’s parent company, Meta Platforms Inc. following a lawsuit, which alleged Facebook made users’ data available to third parties without their permission and claimed the platform did not monitor or enforce third-party access to the data they received. That includes the collection of data by now-defunct political consulting firm Cambridge Analytica, which went on to be used for political advertising on the platform. Eligible users have until Aug. 25, 2023, to file a claim. For those unsure if they are eligible, the eligibility requirements changed this summer ahead of that deadline. The guidelines for the settlement were expanded to include even more users. But how much you could receive, and what you’ll need in order to file a claim depends on several factors. The latest lawsuit and settlement is different from the $650 million class action settlement reached with Facebook in Illinois last year, which resulted in hundreds of dollars being paid out to more
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