Have you filed for a Facebook Privacy Settlement? If the answer is yes, the biggest question mark on your mind right now may be the status of your claim and your payment date. If so, keep reading this article.
In 2023, Facebook revealed the settlement of $725M for neglecting the privacy rights of the individuals. The individuals who scrolled through Facebook newsfeeds between 2007 and 2022 had a chance to claim their rights through a webpage that Facebook itself created online to get their rights back. This is a record-breaking pay-out for privacy rights, and as the violation period is too large, it included many people.
What were the eligibility criteria for the $725M Facebook Privacy Settlement?
There are a few things individuals needed to show to qualify for $725M Facebook Privacy Settlement Payment
- Residency: The first criteria to be eligible for Facebook Privacy Settlement is to be a resident of the US. Another important factor is to be an active Facebook user between May 24, 2007, and December 22, 2022. The Facebook Privacy settlement aims to in a way make up for the users whose data may have been shared without their proper consent in that period. Documentation was required to verify residency and Facebook usage during the specified timeframe.
- Timeframe: As stated above, the settlement covers Facebook users who were active on the platform only between May 24, 2007, and December 22, 2022. However, the timeframe is too broad so it includes almost all users.
- Application Process: If you met with the requirements above, you needed to submit a claim form to receive a pay-out within deadlines. The form could be and still can be found on the settlement’s official website and requires basic info like your Facebook username, contact details, and the dates you used Facebook.
How much will I receive from $725 million Facebook settlement?
If you have submitted the claim form on time and you have not received a rejection email, you might have the opportunity to be a part of the $725 million Facebook settlement. However, the final pay-out amount is dependent on the total number of claims approved as the total amount is going to be divided.
How will I receive the payment for $725 million Facebook settlement?
It is totally up to your own decision. The payment will be done in mostly all methods. It includes direct deposit to your bank account, PayPal, or also prepaid gift cards.
Updated Information about the Payment Schedule of the Facebook Settlement
The deadline for the Claim Form to be submitted was August 25, 2023 either by mail or online.
For the ones who does not want to claim a form, another option was to have an opt-out. However, for this case persons would have taken into account that no payments will be received if they decided to go for that option. Plus, all the legal costs would have been burdened by the individuals themselves.
Another available option was to write an official petition to the court and to have a chance to speak up during the court. However, for this option, again you will not be paid by Facebook. In a nutshell, the only way to have a share from this $725 million budget is to claim a proper form. The deadline for both of these objection types were July 26, 2023.
The biggest question after reading all this might be when to receive this Facebook Privacy Settlement Payment
The Facebook settlement case was one of the most participated settlements of all times in the US. Over 28 million people submitted forms to get this Facebook Privacy Settlement Payment and at least 500.000 of them were rejected. The final approval was at October 2023 with some objections as well. You should have received an email stating the rejection if your forms were rejected for some reason. It is important to check your emails because you only have 10 days for objection.
There are still some appeals that are not resolved yet so the earliest time that seems possible to receive the Facebook Privacy Settlement Payment is early – the first half of 2025.
For more information on eligibility and the claims process, please visit the official settlement website. The news about the law case are being updated regularly.
