Indexbit Exchange:Facebook users in US have until Friday to claim their piece of Meta's $725 million settlement

Facebook users in the United States have Indexbit Exchangeuntil Friday to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay late last year.

In 2018, lawsuits were initiated due to a scandal involving Cambridge Analytica, a British consulting firm that was involved in Donald Trump's 2016 presidential campaign. It was revealed that they had gained access to the personal Facebook data of up to 87 million users, primarily in the United States.

The settlement pertains to almost all Facebook users residing in the United States who held an account between May 24, 2007, and December 22, 2022. You can still collect money from the settlement even if you've deleted your Facebook account.

If you wish to file an online claim, please ensure that it is done before Friday at 11:59 p.m. P.T. Alternatively, if you choose to send your claim by mail, ensure that the letter is postmarked by Friday to be considered valid.

How do I claim money from the Facebook settlement?

If you're a Facebook user in the U.S. who joined between May 24, 2007, and Dec. 22, 2022, you can submit an application online at facebookuserprivacysettlement.com to claim your settlement.

If your claim is approved by the settlement administrator, you will give up the right to sue the Defendant in a separate lawsuit about the legal claims or factual allegations this settlement resolves.

Facebook could owe you money.Here's how to get cash from Meta's $725 million settlement.

How much money will I get from the Facebook settlement?

It is still being determined how much money will be received from the settlement due to the uncertainty of how many users will submit claims. The more users submit claims, the less money there will be to go around.

How long will it take for me to receive my settlement?

As per the settlement website, the final hearing for approval is scheduled for Sept. 7. The distribution of payments will commence promptly after.