Facebook Settlement Payout Date – Check Amount, Eligibility & Payment Status

People hold their breath for the Facebook Settlement Payout Date that will help them through financial aid from the corporation. Meta, Facebook’s parent company, has accepted and agreed to pay for the Class-Action settlement with $725 million. It was announced two years ago, in December 2022, but people still need to know when they should be expecting compensation.

Facebook Settlement Payout Date

The case was filed against the leading social media platform, Facebook. This case was because of data breaches and involvement in the 2018 scandal concerning the British company Cambridge Analytica, which worked on Donald Trump’s 2016 presidential campaign.

The firm acquires personal data on Facebook from nearly 87 million users, most of whom are from the USA and some other countries. As the complaint presented to the court alleged, Meta had wrongly shared the user’s data, and due to this misappropriation of data, they were prompted to file a class-action lawsuit against them.

Facebook Settlement Overview

Facebook Class Action Settlement Payout

Initially, Meta denied all the allegations of data breaching that the lawsuit imposed on Facebook. However, later, they agreed to the settlement with specific terms and conditions in 2022 to avoid the risks and trials of courts. People look forward to the Facebook and court order to receive the Facebook Settlement Payout Date.

This payment will only be given to the citizens who were active Facebook users during such times. They can check the instructions on the official website about the eligibility required to receive these benefits in their bank accounts.

Who will get this Facebook Settlement Payout

People interested in receiving the Facebook Settlement Payout Date must be eligible. The Meta and Court have set up the requirements that need to be determined by citizens.

• Users must have a Facebook account between 2007 and 2022 to be eligible for this claim.
• Users who have filled out the application form to receive benefits are eligible for benefits.
• The last date of claiming payment has been passed in 2023.
• Everyone must have valid documents to prove their residency.

Facebook Settlement Payment Update

• Nearly 28 million people have successfully applied for the claim, and more than 17 million have validated the last update, making it one of the largest settlement classes in US history.
• But the issue is that the payment has yet to be started distributing, and even after two years of settlement, there is no clarity from the Meta.
• As per the latest notice released on 19th September, no one can receive the benefits until the two appeals are resolved, and a hearing will not be set.
• There are higher chances that beneficiaries will only receive their amount in the first half of 2025 or later.
• Users can stay connected with the official website for the latest updates and information on the Facebook Settlement Payout Date.

How Much Users Will Receive in Settlement

Generally, the amount that will be delivered to the eligible users as a settlement benefit will be decided by the Meta and court. According to the court’s filings, the median settlement payment is expected to be $35 per user.

• The payout will differ for everyone using Facebook during that time.
• Longtime Facebook users are likely to get more from the settlement.
• Users will be awarded one point each month they have an account during the 15-year eligibility period.
• The number of points a user has during the application time is calculated to provide payment.
• Claimants can receive these benefits using different platforms like PayPal, Venmo, Zelle, Direct Deposit, and checks.

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