Facebook Settlement Payout Date, Payment Amount & Claim Status!

In 2023, Facebook (now Meta) settled a $725 million class-action lawsuit over user privacy concerns. This settlement aimed to compensate U.S. users for privacy violations, but the payouts, initially expected in early 2024, are now facing delays.

Facebook Settlement Payout Date 2024

In 2023, a class-action lawsuit settlement was reached about Facebook (now Meta) and user privacy concerns. The settlement, worth $725 million, aimed to compensate Facebook users in the United States for alleged privacy violations.

Initially, payouts were expected in early 2024, but the situation is now more complicated. Those who submitted valid claims by August 25, 2023, are eligible for a payout. The amount each person gets will depend on how long they had a Facebook account.

The payout process is set to start in June 2024, with payments sent through PayPal, Venmo, Zelle, or paper checks. Claimants can check their status by visiting the Facebook settlement website and entering their claim ID and confirmation code.

Facebook Settlement Payout Timeline

The Facebook (now Meta) privacy settlement, valued at $725 million, aimed to compensate US users for privacy violations. The key dates and current status of the payouts are:

May 24, 2007 – December 22, 2022: US Facebook users had to be active during this period to be part of the settlement class. (Note: The deadline to submit a claim has passed in August 2023.)
August 27, 2022: A temporary settlement agreement was reached between Facebook and the plaintiffs.
December 23, 2022: Facebook formally agreed to the $725 million payout.
March 2023 (Late): A federal judge granted tentative approval of the settlement.
September 7, 2023: Objections from class members regarding the settlement terms were filed.
October 10, 2023: The court granted final approval of the settlement but noted any appeals would delay payouts.

Payout Date (Uncertain):

Original Estimates (Assuming No Appeals): February or March 2024.
Current Status: Payouts are on hold due to appeals from some class members.

Reason for Delay:

The main reason for the delayed payouts is the appeals process. The settlement cannot be given out until all the appeals are settled.
The exact time for the payouts is very uncertain because of these appeals.
Some experts think that the payouts might not happen until late 2025 if the appeals take a long time.

Facebook Settlement Payout Eligibility Criteria

The Facebook (now Meta) privacy settlement payout date remains uncertain due to ongoing appeals. However, to clarify the eligibility criteria for those wondering if they might still receive a payment:

You were a Facebook user in the United States.
You used Facebook between May 24, 2007, and December 22, 2022.

If you meet the eligibility criteria above and submitted a claim before the deadline, your claim will be considered for a payout once the appeals are resolved.
If you did not use Facebook during the specified timeframe or did not submit a claim, you are not eligible for a payout.
The appeals process could significantly delay payouts, potentially pushing them back to late 2025.

Facebook Settlement Payout Amount

The Facebook (now Meta) privacy settlement is valued at $725 million and is meant to compensate US users for privacy violations. While this amount seems large, the final payout you might receive depends on a few factors:

Total Settlement Amount: The total settlement amount is fixed at $725 million.

Individual Payout Factors:

Number of Valid Claims: The final payout per user depends on the total number of valid claims submitted and approved. More claims mean the individual payout amount will be smaller, as it gets divided among a larger group.
Facebook Usage During Eligibility Period: The settlement considers how long you used Facebook between May 24, 2007, and December 22, 2022. Users who were active longer during this period might get slightly higher payouts compared to those with shorter usage times.

Estimated Payout Range:

Initial reports suggested that the average payout per user could be around $30, based on over 17 million claims filed. However, this is just an estimate, and the actual payout could be higher or lower depending on the final number of approved claims.

The deadline to submit a claim was August 2023, so you cannot submit a claim now, even if you were a Facebook user during the eligibility period.

Administrative costs for managing the settlement will be deducted from the total settlement amount before distributing funds to eligible users.

Facebook Settlement Check Current Status (June 2024):

The payout date remains uncertain due to ongoing appeals from some class members. This could potentially impact the final number of valid claims and ultimately affect the individual payout amount.

How to Stay Updated on the Status of Facebook Settlement Payout

Since the Facebook settlement payout date is still uncertain, here are some ways to stay informed:

Official Source:

Facebook User Privacy Settlement Website: This is the most reliable place for updates. Bookmark the website https://facebookuserprivacysettlement.com/ and check it regularly for news about the appeals process and payout schedule. They usually update the information on the website.

News and Legal Resources:

News Websites: Keep an eye on well-known news websites like Forbes, Kiplinger, or Reuters. These sites often report on legal settlements and might post updates when the appeals are resolved or the payout date is set.

Legal News Websites: Legal news websites might also provide updates on the settlement, especially if there are changes in the appeals process.

FAQs on Facebook Settlement Payout

Q1: What is the Facebook (now Meta) privacy settlement?

A1: The Facebook privacy settlement is a $725 million class-action lawsuit settlement aimed at compensating U.S. users for privacy violations that occurred between May 24, 2007, and December 22, 2022.

Q2: Who is eligible for the Facebook settlement payout?

A2: You are eligible if you:

Were a Facebook user in the United States.
Used Facebook between May 24, 2007, and December 22, 2022.
Submitted a valid claim by the deadline of August 25, 2023.

Q3: What factors determine the payout amount?

A3: The final payout amount depends on:

The total number of valid claims submitted and approved.
The length of time you used Facebook during the eligibility period.

Q4: How much money can I expect to receive?

A4: Initial estimates suggested an average payout of around $30 per user, but this amount could be higher or lower depending on the final number of approved claims.

Q5: When will the payouts be distributed?

A5: Payouts were initially expected in early 2024, but they are now delayed due to ongoing appeals. The exact payout date is uncertain and could be pushed to late 2025.

Q6: How will I receive my payout?

A6: Once the payout process begins, payments will be sent through PayPal, Venmo, Zelle, or paper checks.

Q7: How can I check the status of my claim?

A7: You can check the status of your claim by visiting the Facebook User Privacy Settlement website and entering your claim ID and confirmation code.

Q8: What should I do to stay updated on the settlement status?

A8: To stay informed about the settlement status:

Regularly check the official Facebook User Privacy Settlement Website.
Monitor reputable news websites like Forbes, Kiplinger, or Reuters for updates.
Follow legal news websites that might cover developments in the appeals process.

Q9: Why are the payouts delayed?

A9: The payouts are delayed due to the appeals process. The settlement cannot be distributed until all appeals are resolved, which creates uncertainty in the payout timeline.

Q10: Can I still submit a claim for the settlement?

A10: No, the deadline to submit a claim was August 25, 2023. If you did not submit a claim by that date, you are not eligible for the payout.

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