By Yusuf Balogun
Meta Agrees to Pay $725 Million to Resolve Cambridge Analytica Scandal Case for allowing third parties to access users personal information.
Back in 2018, Facebook was suited for allowing the British political consulting firm, Cambridge Analytica to access users' personal information.
According to the lawsuit, about 87 million user's personal information was accessed back then.
The proposed settlement was raised by Meta's lawyers in a court filing lateon Thursday.
Meta's lawyers proposed the settlement to resolve the first-class lawsuit in line with the U.S. data privacy Act.
"This historic settlement will providemeaningful relief to the class in this complex and novel privacy case," said Derek Loeser and Lesley Weaver, Meta's lawyers.
To resolve this issue Facebook parent Meta has agreed to pay the total sum of $725 million.