The Facebook Settlement Payout Date has piqued the curiosity of millions of users across the US. Although Meta consented to a $725 million settlement in December 2022, consumers who filed claims are still waiting for their share of the reimbursement, estimated to average $35 per claimant. Due to outstanding appeals, Payments are likely to begin no earlier than the first half of 2025.
Facebook Settlement Payment Date:
Cambridge Analytica, a British political consulting business, gained headlines in 2018 for its involvement in collecting data on Facebook users.. Although META continues to deny any criminal activity, they elected to settle rather than face a lengthy trial. The $725 million settlement, granted in October 2023, is one of the most significant privacy settlements in recent US history.
Eligibility for Facebook Settlement Payout:
Claimants must have had a Facebook account in the United States between May 24, 2007, and December 22, 2022, to be eligible for a portion of the Facebook privacy settlement. Crucially, consumers only needed to register a claim before the August 25, 2023 deadline, and those who missed it were ineligible for reimbursement.
Facebook Settlement Payment Details:
Although there has been much speculation regarding the compensation amount, it is expected to vary depending on how long each person has a FB account. Each eligible user received one “point” for every month they were an active Facebook user throughout the settlement period. These parameters will determine the final allocation of monies to each user. Claimants might receive Facebook settlement money through direct deposit, check, PayPal, Venmo, Zelle Pay, or prepaid MasterCard.
How do you check the status of your claim?
- The official settlement website allows claimants to check the progress of their claims.
- Customers can use the unique Claim ID emailed to them when they filed their original claim to log in.
- Individuals can access the information on the Facebook Settlement Payout Date and other related news as it becomes available via the official webpage.
- Although Meta has not established any dates for these hearings, the fund distribution is still projected to last until the first half of 2025 if no new legal challenges arise.
