Facebook Is Giving You Money for FREE from A $725 Million Settlement (How To Apply)

The video is about Facebook's $725 million class action privacy settlement and how users can apply to receive their share of the payout if they had a Facebook account between 2007 and 2022.

This video by Journey With The Hintons was published on Apr 23, 2023.
Video length: 10:01.

The video is about a $725 million class action privacy settlement that Facebook has made, involving its parent company Meta.

The settlement is related to a privacy breach in 2015 where the personal information of over 87 million Facebook users was improperly shared with Cambridge Analytica.

The video provides information on how users can apply to claim their share of the settlement if they had an active Facebook account between 2007 and 2022.

• The personal information of over 87 million Facebook users was improperly shared with Cambridge Analytica.
• Facebook settled for $725 million, making it one of the largest privacy-related settlements in history.
• To qualify for compensation, you must have had an active Facebook account between May 2007 and December 2022.
• This settlement holds Facebook accountable for their mishandling of user data and failure to notify users of the breach.
• This settlement may lead to stricter regulations and oversight of social media platforms.

Facebook Is Giving You Money for FREE from A $725 Million Settlement (How To Apply) - YouTube

Background on Facebook Privacy Breach

• In 2018, it was revealed that the personal information of over 87 million Facebook users was improperly shared with Cambridge Analytica.
• Cambridge Analytica used this data to create psychological profiles for targeted political advertising during the 2016 presidential election.
• Facebook was aware of the data breach in 2015 but did not notify users or take necessary measures to secure their information.
• Facebook settled for $725 million, making it one of the largest privacy-related settlements in history.
• Now, they have to compensate all 87 million affected users.

Qualifications and Application Process

• To qualify for compensation, you must have had an active Facebook account between May 2007 and December 2022.
• Your Facebook account must be a United States account.
• You can submit a claim to receive your share of the $725 million settlement.
• Details on how to submit a claim are provided in the video.
• It is important to act quickly as there is a deadline for submitting claims.

Importance of the Settlement

• This settlement holds Facebook accountable for their mishandling of user data and failure to notify users of the breach.
• It serves as a reminder to social media platforms to prioritize user privacy and security.
• The compensation received by affected users can help mitigate the harm caused by the privacy breach.
• It is an opportunity for users to exercise their rights and seek justice for the violation of their privacy.
• The settlement also highlights the power of collective action in holding tech giants accountable.

Facebook Is Giving You Money for FREE from A $725 Million Settlement (How To Apply) - YouTube

Implications for Future Privacy Protection

• This settlement may lead to stricter regulations and oversight of social media platforms.
• It could encourage users to be more cautious about sharing personal information online.
• It may prompt other tech companies to review their privacy policies and take necessary measures to protect user data.
• Users may become more aware of their rights and demand greater transparency and accountability from social media platforms.
• The settlement serves as a precedent for future privacy-related lawsuits against tech companies.

How much money you will receive

• The amount of money you will receive from the $725 million settlement has not been determined yet.
• The amount will depend on how many people apply for the claim.
• The longer you had your Facebook account, the more money you will receive.
• Lawyers and others involved will receive their fees before the payout is distributed.
• It is important to apply quickly to ensure you are included in the distribution.

How to apply for the settlement

• The website to apply for the settlement is Facebook userprivacesettlement.com.
• You will need to provide your contact information, including name, address, and email.
• You will be asked if you resided in the United States between 2007 and 2022 and if you were a Facebook user during that time.
• If you deleted your account, you will need to provide the month, date, and year you created and deleted your account.
• You will need to provide information about your Facebook account, such as the associated email address, phone number, or username.
• You will need to select a payment method, such as PayPal, to receive your share of the settlement.

Watch the video on YouTube:
Facebook Is Giving You Money for FREE from A $725 Million Settlement (How To Apply) - YouTube