ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Here's How Americans Can Claim Their Share of Facebook's $725 Million Settlement

If you were a Facebook user in the U.S. between May 24, 2007, and December 22, 2022, you automatically qualify for a share of the settlement.
UPDATED JUL 31, 2023
Cover Image Source: Pexels/Tobias Dziuba:
Cover Image Source: Pexels/Tobias Dziuba:

Facebook users have until August 25, 2023, to claim their portion of the $725 million settlement from a class-action lawsuit. The claims process is quick and can be completed within minutes. Meta, Facebook's parent company, has agreed to pay the settlement after a four-year legal battle, resolving allegations of sharing private user information with third-party companies, per Forbes. Among the companies mentioned in the lawsuit is Cambridge Analytica, a former political consulting firm. Despite the settlement, Meta denies any wrongdoing.

Image Source: Drew Angerer/Getty Images
Image Source: Drew Angerer/Getty Images

Eligibility for Facebook payouts
If you were a Facebook user in the United States between May 24, 2007, and December 22, 2022, you automatically qualify for a share of the $725 million settlement. However, to claim your portion, you must complete a form before the deadline of August 25, 2023, 11:59 p.m. If filing by mail, the claim must be postmarked by the same date. For Facebook users who had accounts during the eligibility period but have since passed away, claims should be filed under the name of the deceased. Account details should be filled out in the 'Your Facebook Account' section of the form.

Image Source: Pexels/Luca Sammarco
Image Source: Luca Sammarco/Pexels

Factors on which payments will depend

As the settlement is divided among all claimants, the more claims filed, the smaller the individual share. Users who held accounts for the longest duration during the eligibility period will receive the highest compensation. Those who canceled or deleted their accounts within the settlement period may still receive funds though the amount will be less than those who maintained accounts throughout the entire period.

Image Source: Juan Pablo Serrano Arenas/Pexels
Image Source: Juan Pablo Serrano Arenas/Pexels

Additionally, individuals who deleted accounts but created new ones within the designated timeframe should include that information to potentially increase their payout. It's essential to note that payment distribution may take time. Payments are expected to be issued after final approval which is currently scheduled for September 7, 2023, but this date is subject to change.

How to claim money from the Facebook lawsuit settlement

If you qualify for settlement money, there are two methods to submit your claim: online or by mail. To proceed with your claim, you'll need to verify some information, including your address, phone number, and all Facebook usernames linked to your account between May 24, 2007, and December 22, 2022.

If you are unsure of your username, you can find it on Facebook by visiting your homepage or timeline. The name will be visible in the address bar, or you can access it through: Account > Settings and Privacy > Settings > User name.

Image Source: Krisanapong/ Getty Images
Image Source: Krisanapong/ Getty Images

Additionally, you'll need to answer the following questions:

1. Did you reside in the United States between May 24, 2007, and December 22, 2022?

2. Were you a Facebook user during that period?

3. Are you filing a claim for a current account, a deleted account, or a combination of both?

After providing the required information, you must verify its accuracy under oath.

Submitting your claim online

The quickest and simplest way is to file the claim online which typically takes only a few minutes.

Submitting by mail: Alternatively, you can download the claim form or request a paper copy from the settlement administrator by calling 855-556-2233, emailing info@FacebookUserPrivacySettlement.com, or sending a letter to Facebook Consumer Privacy User Profile Litigation, c/o Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA, 19103.

How you'll receive your payment

When claiming your settlement money, specify your preferred payment method. You have the option to receive the funds through Venmo, Zelle, PayPal, a prepaid Master Card, or a check sent to your address.

MORE ON MARKET REALIST
Pam, 83, said "I could have made a fortune, but it wasn’t to be. I’ve had a happier life than Marilyn ever had. I’ve no regrets."
11 hours ago
Early 1980s was a special era as several rare coins were minted then.
22 hours ago
According to reports, the fisherman from Puerto Princesa found the item over a decade ago while he was fishing in the sea.
1 day ago
For decades, the painting was hung in a shabby frame in the living room.
1 day ago
The asteroid was discovered by Italian astronomer Annibale de Gasparis on March 17, 1852, who named it after the Greek Goddess of the soul.
1 day ago
In the video, another friend can be heard gasping and noting how she thought that Maddie was 'exaggerating.'
1 day ago
The man from New Jersey who was looking to save a few bucks, didn't know what luck had in store for him.
1 day ago
In 2004, Ashley Revell from London won $270,000 in one of the most stunning events in gambling history.
2 days ago
One of the rarest Rolex watches in the world was kept in a safety deposit for decades, unworn.
2 days ago
The "Rolling Stones" singer said leaving a part of the inheritance might "do some good in the world."
2 days ago
Inititally, reports claimed that it sold for $1.8 million which changed as the the dust cleared up.
2 days ago
The number was so large that it didn't even fit on a single line on the document.
2 days ago
Her new properties were estimated to be worth around $50 million.
3 days ago
He sued the lottery company for breach of contract, gross negligence and the infliction of emotional distress among other claims.
3 days ago
As of 2024, the iconic West Coast rapper is worth well over $160 million.
3 days ago
Taylor never knew he had won because the slot machine had malfunctioned.
3 days ago
"People were super welcoming and everyone wanted to have a coffee with me," she talked about the residents.
3 days ago
“It’s challenging, being an inventor,” Catherine Hettinger said.
4 days ago
The Facebook listing from is a contender for the weirdest rent agreement in history.
4 days ago
The "Bullet Train" actor made an unusual arrangement with the old widower.
4 days ago