The recent Cambridge Analytica scandal has caused a stir in the online world, as millions of Facebook users had their data misused without their knowledge or consent. In response, Facebook has agreed to a settlement with the Federal Trade Commission (FTC) to pay out $5 billion to affected users.
Under the settlement, U.S. Facebook users who had their data shared with Cambridge Analytica will be eligible to receive a portion of the settlement funds. The amount of money that each user will receive will depend on how many people make a claim, but it is estimated that each user will receive around $200.
In order to receive a payment, users must first submit a claim form to the FTC. The form requires users to provide basic information such as their name, address, and email address. Once the form is submitted, the FTC will review it and determine if the user is eligible for a payment.
If a user is found to be eligible, they will receive an email from the FTC with instructions on how to claim their payment. The payment will be made via check or direct deposit, and users should expect to receive it within 6-8 weeks after submitting their claim form.
It is important to note that not all Facebook users are eligible for a payment under the settlement. Only those who had their data shared with Cambridge Analytica are eligible. Additionally, users must submit a claim form before the deadline of January 22, 2021 in order to receive a payment.
The Cambridge Analytica scandal has been a wake-up call for many Facebook users, who now realize just how vulnerable their data can be. While the settlement is a step in the right direction, it is important for users to remain vigilant and take steps to protect their data from misuse in the future.
