Meta has agreed to a $50 million settlement in Australia regarding the misuse of user information for political ad targeting stemming from the 2018 Cambridge Analytica scandal.
The settlement includes establishing a payment program for eligible Facebook users who may have suffered loss due to privacy interferences, marking a significant legal resolution.
Information commissioner Elizabeth Tydd stated that this is the largest payment in Australia addressing privacy concerns, giving affected individuals a chance for redress.
Despite the settlement, Meta has not admitted liability, asserting that this step is in the best interest of their community and shareholders.
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