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Meta settles Cambridge Analytica scandal case for $725m

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Facebook owner Meta has agreed to pay $725m (£600m) to settle legal action over a data breach linked to political consultancy Cambridge Analytica.
The long-running dispute accused the social media giant of allowing third parties, including the British firm, to access Facebook users’ personal data.
The proposed sum is the largest in a US data privacy class action, lawyers say.
Meta, which did not admit wrongdoing, said it had “revamped” its approach to privacy over the past three years.
In a statement, the company said settling was “in the best interest of our community and shareholders”.

Source:bbc.com

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