Here's how to claim your part of a $725 million Facebook settlement

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Here's how to claim your part of a $725 million Facebook settlement
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Here's how to claim your piece of a $725 million settlement if you used Facebook during the last 15 years

Anyone in the US who's had a Facebook account in the last 15 years can now submit a claim for their share of a $725 million settlement from the Cambridge Analytica privacy class action lawsuit. by the August 25 deadline. The exact payment amounts per person will depend on how many claims are submitted.

A hearing currently is scheduled for September 7 when a judge is expected to approve the final details of the settlement. Unless other appeals are filed delaying the case, the court will approve the settlement, and payments"will be distributed as soon as possible,"Anyone who lived in the US and had a Facebook account from May 24, 2007, through December 22, 2022, is eligible to submit a claim, even if the account is no longer active.

The settlement can be paid out in a variety of ways. Claimants can choose from a prepaid Mastercard, direct deposit to a bank account, or digital payment apps like PayPal, Venmo, and Zelle. According to the site's FAQ section, users also can opt out of eligibility for the settlement, which would allow them to retain the rights to be involved in potential future lawsuits over the claims involved in the Cambridge Analytica case.

A screenshot of some of the questions for current or former Facebook users to answer to receive part of a $725 million settlement.

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