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“We acknowledge no wrongdoing, but here’s $725 million.”
Meta proposed a settlement late Thursday to a 2018 lawsuit over elevations that now-defunct British political consulting outfit Cambridge Analytica improperly obtained access to user data from roughly 87 million people on the platform.
This suit is separate from then-Facebook’s $5 billion settlement with the Federal Trade Commission over the same matter.
The lawsuit settlement is subject to the approval of a federal judge in San Francisco, and a hearing is set for March 2.
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