Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Facebook Reaches Settlement in Cambridge Analytica Lawsuit

The Cambridge Analytica lawsuit may have been settled by Facebook’s parent company Meta, which also owns Instagram and WhatsApp. The parties to the suit have filed a request for a 60-day stay in the court proceedings with San Francisco federal court hearing the case so they can finalize a settlement. But no details have yet been released and there is no certainty that an out-of-court settlement will be finalized.

The lawsuit was filed as a class action suit on behalf of 87 million Facebook users who maintain that the company sold their personal data to Cambridge Analytica without their permission.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The Cambridge Analytica scandal broke in 2018 when one of the company’s employees revealed to the press what it had done. In 2019 Facebook was fined $5 billion by the Federal Trade Commission for violating its users’ privacy.

This led to the company being forced to declare bankruptcy. Cambridge Analytica was a British political consulting firm.

And what exactly was it that Cambridge Analytica did? It harvested personal data from millions of Facebook users without their consent. The data was then used by Cambridge Analytica to create psychographic profiles of the people whose privacy had been violated.

This was then used for things like political campaigns. For example, a campaign, each profile’s information suggested what type of advertisement would be most effective to persuade individuals on specific issues and political campaigns.

And this is what happened in 2016. People were sent news feeds that were in keeping with their political biases, regardless of the truth. So someone thought to be more conservative – a likely Trump supporter – would see more and more feeds about how Hillary Clinton was involved in a pedophile ring and so forth. Since then, Facebook was forced to implement new policies to block fake news from people’s news feeds.

But this is not the only such lawsuit that Facebook/Meta is facing over the Cambridge Analytica scandal.

In May, Washington D.C. Attorney General Karl Racine filed a lawsuit against Mark Zuckerberg in which he alleged that the Facebook owner should be held responsible for not protecting the personal data belonging to Facebook users. The suit asserts that Zuckerberg was well aware of the risks to personal data held by Facebook and did not do anything to protect it. This, if true, would be in keeping with a pattern revealed recently by a Facebook whistleblower. That whistleblower revealed to the U.S. Congress that the company knew about various threats to the mental welfare of youth caused by Instagram it owns.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.