• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, February 5, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Facebook To Settle Cambridge Analytica Scandal Case For $725 Million

December 23, 2022
Stephen KotochiebyStephen Kotochie
in Entertainment
0
Facebook To Settle Cambridge Analytica Scandal Case For $725 Million

Facebook

Facebook, parent company of Meta Platforms Inc, has agreed to pay $725 million to resolve a class-action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information.

The proposed settlement, which was disclosed in a court filing late on Thursday, would resolve a long-running lawsuit prompted by revelations in 2018 that Facebook had allowed the British political consulting firm, Cambridge Analytica, to access data of as many as 87 million users.

Lawyers for the plaintiffs called the proposed settlement the largest to ever be achieved in a U.S. data privacy class action and the most that Meta has ever paid to resolve a class action lawsuit.

RelatedPosts

I’m Not An Asakaa Boy – Kofi Jamar

Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor

‘Stir It Up’ Is One Of The Biggest Highlights Of My Career – Sarkodie

“This historic settlement will provide meaningful relief to the class in this complex and novel privacy case”, the lead lawyers for the plaintiffs, Derek Loeser and Lesley Weaver, said in a joint statement.

Meta did not admit wrongdoing as part of the settlement, which is subject to the approval of a federal judge in San Francisco. The company stated in a statement settling that it was “in the best interest of our community and shareholders”.

“Over the last three years, we revamped our approach to privacy and implemented a comprehensive privacy program.”

Meta

Cambridge Analytica gained access to the personal information

Cambridge Analytica, now defunct, worked for Donald Trump’s successful presidential campaign in 2016 and gained access to the personal information from millions of Facebook accounts for the purposes of voter profiling and targeting.

Cambridge Analytica obtained that information without users’ consent from a researcher who had been allowed by Facebook to deploy an app on its social media network that harvested data from millions of its users.

107178157 178151
Mark Zuckerberg

The ensuing Cambridge Analytica scandal fueled government investigations into its privacy practices, lawsuits and a high-profile U.S. congressional hearing where Meta Chief Executive, Mark Zuckerberg, was grilled by lawmakers.

In 2019, Facebook agreed to pay $5 billion to resolve a Federal Trade Commission probe into its privacy practices and $100 million to settle U.S. Securities and Exchange Commission claims that it misled investors about the misuse of users’ data.

Investigations by state attorney general are ongoing, and the company is fighting a lawsuit by the attorney general for Washington, D.C.

Thursday’s settlement resolved claims by Facebook users that the company violated various federal and state laws by letting app developers and business partners harvest their personal data without their consent on a widespread basis.

The users’ lawyers alleged that Facebook misled them into thinking they could keep control over personal data, when in fact, it let thousands of preferred outsiders gain access.

Facebook argued its users have no legitimate privacy interest in information they shared with friends on social media. However, U.S. District Judge, Vince Chhabria, called that view “so wrong” and in 2019, largely allowed the case to move forward.

READ ALSO: Over 400,000 Students To Benefit From Improved And More Inclusive Education In Zanzibar

Tags: Donald TrumpFacebookMark ZuckerbergMetaVince Chhabria

Related Posts

I’m Not An Asakaa Boy – Kofi Jamar
Entertainment

I’m Not An Asakaa Boy – Kofi Jamar

February 4, 2023
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Entertainment

Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor

February 3, 2023
‘Stir It Up’ Is One Of The Biggest Highlights Of My Career – Sarkodie
Entertainment

‘Stir It Up’ Is One Of The Biggest Highlights Of My Career – Sarkodie

February 3, 2023
Edem Agbana Defends Abeiku Santana
Entertainment

Edem Agbana Defends Abeiku Santana

February 3, 2023
Stonebwoy Releases Brand New Single ‘More of You’
Entertainment

Stonebwoy Releases Brand New Single ‘More of You’

February 3, 2023
Bryan Adams, Crafting Albums Amid Grammy Award Nomination
Entertainment

Bryan Adams, Crafting Albums Amid Grammy Award Nomination

February 2, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Rev. Dr Lawrence Tetteh Calls For Unity And Selflessness From Citizenry and Leaders

Next Post

The Nature Of The Current Environment Calls For Investment Education- GSE MD

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
GNGC, Joint Venture Partner Signs US$700m Project Implementation Agreement To Construct GPP Train 2
Extractives/Energy

GNGC, Joint Venture Partners Signs US$700m Project Implementation Agreement To Construct GPP Train 2

by Gifty BansahFebruary 4, 2023
Blinken’s Cancelled Trip Downplayed By China
Asia

Blinken’s Cancelled Trip Downplayed By China

by Comfort AmpomaaFebruary 4, 2023
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks
Innovation

Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks

by Priscilla Dziedzorm FiakpornuFebruary 4, 2023
World Food Prices Decline for 10th Month Running in January- FAO
Securities/Markets

World Food Prices Decline for 10th Month Running in January- FAO

by Stephen M.CFebruary 4, 2023
Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him
General News

Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him

by Emmanuel SarpongFebruary 4, 2023
Kyerematen Claimed To Be The Best Candidate
General News

NPP Is Corrupt, NDC Is Corrupt – Kennedy Agyapong

by Samuel Yeboah OtibuFebruary 4, 2023
GNGC, Joint Venture Partner Signs US$700m Project Implementation Agreement To Construct GPP Train 2
Blinken’s Cancelled Trip Downplayed By China
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks
World Food Prices Decline for 10th Month Running in January- FAO
Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him
Kyerematen Claimed To Be The Best Candidate
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In