$725M Meta Privacy Deal: A Landmark Settlement in Big Tech Litigation

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Chhabria, acknowledging the might of this financial juggernaut, expressed reservations about the standard 25% fee often rewarded in such settlements. In simpler terms, this could be compared to a waiter receiving a 25% tip on an unusually expensive dinner – is it too much, or just right?

 The Underlying Drama

Diving deeper, the lawsuit was fueled by revelations in March 2018 that a third-party developer siphoned data and traded it to Cambridge Analytica, a UK consulting firm with ties to global politics. Think of it as someone sneaking into your house, taking photos, and then selling them.

Facebook, in a move as perplexing as a magician’s sleight of hand, tried to mold the narrative, claiming users shouldn’t expect privacy on their platform. But Chhabria, in a 2019 verdict, saw through the mirage, allowing the majority of the Multi-District Litigation (MDL) to progress.

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$725M Meta Privacy Deal: The Path to Resolution

Fast-forward to March, the massive $725 million deal received initial approval. But the road wasn’t smooth. Some argued the deal favored certain Facebook users. Imagine a pie being divided, but some feel their slice is unfairly small despite their equal stake in the pie.