Facebook’s parent company Meta has agreed to pay $725 million to settle a years-long class action lawsuit triggered by disclosures in 2018 that the company shared user data with consulting firm Cambridge Analytica that was used for political advertising.
The settlement (which can be read in full here, via Reuters) does not include an admission of wrongdoing on Meta’s part, and will still have to be approved by federal judges in the Northern District of California, reports CNBC. The…
