A statement by the social media behemoth reads: "We want to let advertisers know that we will be shutting down Partner Categories. This product enables third party data providers to offer their targeting directly on Facebook. "While this is common industry practice, we believe this step, winding down over the next six months, will help improve people's privacy on Facebook."
Basically, all Facebook users who had an account on the social media platform between May 7th, 2007 and December 22nd, 2022 are entitled to the payout, as they're most likely affected by the data scandal. However, in order to receive payment, you must also assert your claim-which means you needed to join the class action and submit a claim before the August 25th, 2023 deadline.