Meta, the parent company of Facebook and Instagram, has settled a lawsuit filed against it in the wake of revelations that the company fed data from millions of users to Cambridge Analytica, a research firm which supported Donald Trump in the 2016 presidential election.
The terms of the settlement were not disclosed but filings in San Francisco federal court requested a 60-day stay of the action while lawyers finalize the settlement, suggesting more details could emerge in late October.
The case emerged after Cambridge Analytica, a firm with ties to former Trump campaign strategist Steve Bannon, paid a Facebook app developer to receive access to personal data of 87 million Facebook users — which Cambridge than used to better place targeted political ads in support of Trump, who went on to win the 2016 election.
The lawsuit, which had sought certification as a class action representing all Facebook users, maintained that the privacy breach proved Facebook is a “data broker and surveillance firm,” as well as a social network.
With Post Wires