Meta will pay $725 million to settle the dispute in which it is accused of allowing Cambridge Analytica and other third parties access to the private information of millions of users.
According to U.S. media, this is one of the largest settlements in a privacy case.
Cambridge Analytica was a British consulting firm, on May 2, 2018 declared bankruptcy due to the scandal it was engulfed in for contributing to the manipulation of voters' thoughts with covert election propaganda in favor of Trump in the 2016 U.S. presidential election and the pro-Brexit British referendum.
According to U.S. media reports, the company made use of personal information acquired on 87 million Facebook users, without the users' permission, by outside researcher Aleksandr Kugan, who claimed to have collected it for academic purposes.
In response, Facebook banned Cambridge Analytica from advertising on its platform. The Guardian had reported that Facebook had known about this security breach for two years, but had done nothing to protect its users.
Social centralization and privacy issues always go hand in hand in my opinion, don't you think?
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