(Nexstar) – after Year of expectationPayments in the $ 725 million class action case against Facebook have finally started going out, the company said in charge of releasing them.
The social media veteran agreed to pay millions of users directly to claim that it violated people’s privacy by sharing their data with the third party. Was the settlement Final approval in 2023But paid Delay by objections and appeals,
But the wait is almost over. Anezian, the company handling the disposal administration, which originally said Payment will start in AugustIt has now been confirmed that the distribution of payment has started by Wednesday, 3 September.
Some of the 28 million people who filed the claims have started receiving emails that their claim was approved and the payment was coming soon.
If you do not get the notice, there is no need to panic yet. Payments are expected to be released in batches in the next 10 weeks.
How much will Facebook settlement payment be per capita?
Before we go to any mathematics equation, let’s clarify one thing: this class action lawsuit Not going to make you a millionaire(As long as you are not one of the lawyers in the case. They are getting $ 181 million.)
While the size of the fund is disqualified very large, the number of people who filed claims was also really high. Two years ago, Angian Confirmed It had already valued at least 17 million out of 28 million claims filed. This means that you have to share the settlement fund with at least 17 million people.
Therefore, after the legal and administrative fees, what is left is being divided into all the people whose claims were valid. But it is not being divided evenly. There is a point system, a point was awarded for every month, you had a Facebook account between May 2007 and December 2022. The higher the marks you have, the bigger your payment will be.
This makes it difficult to say how much any person will get, but the lawyers said in 2023 Average payment estimated to be $ 30,
Eight members of the settlement class – nominated plaintiff, who represented all Facebook users in the case – each will get $ 15,000.
