![]() Here's what you need to know about the settlement and how to get cash from the deal. Meta in December agreed to settle the class action lawsuit brought in the aftermath of the 2018 Cambridge Analytica scandal, but denies any liability or wrongdoing.įinal approval of the settlement won't happen for several months, but you don't have to wait to submit a claim. But the actual date when payments could go out is unknown.Some money may be coming your way if you used Facebook sometime between May 2007 and December 2022.Ī California federal judge last month gave preliminary approval to a $725 million deal between Facebook parent company Meta and users claiming the social media platform allowed their data to be accessible to third-parties without their consent. When will I get my Facebook settlement money?Ī final approval hearing for the settlement is scheduled for Sept. The settlement money will be doled out based on how many of these points users have. Claimants will be awarded one "point" for each month they had an account during the more than 15-year period. Longtime Facebook users stand to get more money from the settlement.The fewer people who apply, the more each claimant will get. On the other hand, only a fraction of the social media platform’s users are likely to go through the process of filling out an application.adults answered "yes" when asked if they ever use Facebook.) (In a 2021 Pew Research Center survey, 69% of U.S. While the settlement is large, so is Facebook’s user base. Hypothetically, if every eligible Facebook user submits a claim, each person would likely get less than $5.Various administrative costs and other fees will also be subtracted from the settlement pool. The size of the settlement payments will depend on the number of people who successfully submit claims. ![]() Lastly, you’ll choose from several options for receiving payment, which include PayPal, Venmo, Zelle, direct deposit, check or a prepaid Mastercard.Keep in mind that even if you had multiple Facebook accounts during these years, you're only eligible for one payment. The options are email, phone number and username (which you can find by following these steps). In the next step, the form will ask you to provide one or more identifiers associated with your Facebook account.If you’ve deleted your Facebook account, you’ll need to provide the dates when you were a user. ![]() and had a Facebook account during any of the relevant years. Then, you’ll go through a couple questions asking if you lived in the U.S.
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