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Facebook-parent Meta settles with Australia’s privacy watchdog over Cambridge Analytica lawsuit By Reuters

by Reuters
December 17, 2024
in Stock Market
Reading Time: 2 mins read
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(Reuters) -Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privateness watchdog stated on Tuesday, closing long-drawn, costly authorized proceedings for the Fb (NASDAQ:) mother or father over the Cambridge Analytica scandal.

The Workplace of the Australian Data Commissioner had alleged that private info of some customers was being disclosed to Fb’s persona quiz app, That is Your Digital Life, as a part of the broader scandal.

The breaches have been first reported by the Guardian in early 2018, and Fb acquired fines from regulators in america and the UK in 2019.

Australia’s privateness regulator has been caught up within the authorized battle with Meta since 2020. It satisfied the excessive court docket in March 2023 to not hear an enchantment, which is taken into account to be a win that allowed the watchdog to proceed its prosecution.

In June 2023, the nation’s federal court docket ordered Meta and the privateness commissioner to enter mediation.

Cambridge Analytica, a British consulting agency, was recognized to have stored private knowledge of tens of millions of Fb customers with out their permission, earlier than utilizing the info predominantly for political promoting, together with aiding Donald Trump and the Brexit marketing campaign within the UK.

Meta didn’t instantly reply to a Reuters request for remark.

($1 = 1.5699 Australian {dollars})





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Tags: AnalyticaAustraliasCambridgeFacebookparentlawsuitMetaPrivacyReutersSettlesWatchdog
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