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4w ago

Facebook Privacy Settlement Payments Begin, Ranging From $4.89 to $38.36

Payouts arrive in waves, reflecting a point system tied to how long each person used Facebook.

The first round of payments to Facebook users who filed claims in a class action settlement began this month, according to the administrator.
FILE: People gather in front of a sign posted at Meta headquarters on July 7, 2023, in Menlo Park, Calif.

Overview

  • Angeion began sending payments in early September and will continue distributions in weekly batches over roughly 10 weeks, or 75 days.
  • Approved claimants receive an email from [email protected] about 3–4 days before funds are sent via the method chosen, including PayPal, Venmo, Zelle, prepaid card, direct deposit or check.
  • Court filings report more than 19 million valid claims were processed from tens of millions of submissions, a volume widely described as unprecedented for a U.S. class action.
  • After court-approved deductions — about $180.5 million in attorneys’ fees, nearly $4 million in expenses and $120,000 total in service awards — roughly $540–541 million remains for distribution.
  • Individual awards are calculated by allocation points, one for each month of an activated account between May 24, 2007, and Dec. 22, 2022, with the top payout corresponding to 188 months of use.