How to Get a Piece of the Pie Settlement Collective action from Facebook valued at $725 million

 Here's how to claim part of Facebook's $725 million lawsuit settlement.

If you had a Facebook account that was activated between May 24th, 2007 and December 22nd, 2022, Facebook (now owned by the 'Meta' company) may have your data and approximately 250 million It could have been irresponsible for 10,000 US accounts. This led to a class action lawsuit in 2018.

The social media giant eventually settled in December 2022 for a sum of $725 million. It's time you got a piece of that pie too. Here's what you need to know about lawsuits and how to get paid.

Why Facebook was sued

In April 2018, Facebook announced that the data of up to 87 million "primarily US-based" accounts had been illicitly obtained and shared with British political consulting group Cambridge Analytica. The leaked data was used in various US political campaigns in 2016, most notably for Donald Trump's 2016 White House candidacy.

The data leak was so significant that Facebook founder and CEO Mark Zuckerberg was called to congressional testimony later that month to explain the leak.

This testimony did not exactly elicit confidence that Facebook and Zuckerberg at large were taking the leak seriously. This sparked a class action lawsuit later that year that spanned several years before it was settled for $725 million in December 2022.

HOW TO PARTICIPATE IN A CLASS ACTION SETTLEMENT

To submit a complaint, please visit the Facebook User Privacy Resolution Site. Select Submit Request at the top of the home page. If you want a description, select Click for general description.

Fill out the form and make sure to add important information, such as the date you deleted your Facebook account, if necessary. Add at least one email address, phone number, or username associated with your Facebook account. If it's been a while since you last logged into your Facebook account and you lost your credentials along the way, you'll need to recover your Facebook account and find your username before you can file a claim.

Finally, select your payment option. You have several options such as:

- master Card

- PayPal

- Venmo

- Zell

- direct deposit

- check

If you choose this payment option, be aware of how the Zelle scam works. It is possible that between now and the time the payment is received, a malicious person could send a bogus email urging her to "claim" the settlement money through her Zelle. Watch out for signs of phishing scams.

How will your claim be resolved?

Users who qualify for cash payments will be allocated about one point for each month their Facebook account is activated (but not necessarily active), according to a New York Times report. Even if he hasn't logged into his Facebook account in years, he's still worth 1 point per month unless he deactivates it.

After the Claims Deadline (August 25, 2023), the Settlement Administrator, who oversees the Class Action Settlement, will determine the monetary value of each Point. They do this by:

Add total points to everyone who submitted a request.

Divide this total by $725 million (settlement).

Subtract that number from your legal costs (administrative costs, etc.).

This final number determines the monetary value of each point. The monetary value is then multiplied by the number of points assigned to each user who submitted the claim to determine each user's eligible coverage. For example, if 1 point is worth 1 dollar and he in the lawsuit did not deactivate his Facebook account for the entire 15.5 year period, he would receive $186.

Facebook May Owe You, But Don't Expect Life-Changing Cash

The class action lawsuit against Facebook is massive, but even if a cash settlement is reached, don't expect to find yourself swimming in a vault full of gold like Scrooge McDuck. You still have to submit an application.

Let's tell the truth about what happened. If you live in the United States, Facebook may have unethically and irresponsibly leaked your data to third parties without your consent. That's wrong. We should not be satisfied with the misuse of our data in the largest social media leak in history. Roll the proverbial dice and see what comes out.