Facebook Settlement: When It Will Pay Out and How to Verify It

by

28 December 2023

News

Facebook Settlement When It Will Pay Out and How to Verify It

Millions of users have applied for a share of the money that Facebook agreed to pay out as part of the court deal after the social media platform settled a multi-million dollar privacy lawsuit this year.

More than 500,000 Americans who applied have had their settlement claims denied since the application deadline; additional rejection letters might still be arriving as claims are processed.

If you applied, here is all the information you need to know, including where to check the status of your application, how to determine if it has been rejected, and why it can be difficult to predict when you will receive your payment.

Tech behemoth Meta, the owner of Facebook, settled a privacy lawsuit and agreed to reimburse users of its platform who were adversely affected by its poor practices with an impressive $725 million. Facebook users received a notification in April letting them know they could apply.

Users had until August 25th to submit an application after it opened over the summer. By September 7th, more than 17 million claims had been preliminary validated.

The settlement was finally approved by the judge on October 11th, but only after numerous objections. We are currently in the appeals period, and two objectors have submitted appeals thus far.

The Hill reports that Angeion, the company handling the case, has received applications for a settlement from 28 million Americans. As a result, it is the most claims filed in US history. Five hundred thousand of those claims have already been denied, as we have discussed.

Should your claim be among the unfortunate ones to be denied, you might have received an email informing you of this already. Make sure to examine both your inbox and the spam folder of the email address you provided when submitting the claim application. You have ten days from the time of rejection to file an appeal.

Having Angeion verify your claim could be worthwhile. Errors do occur when businesses are processing this volume of applications, and this is the largest single claim in American history.

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

All Comments

I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.

Related

Elon Musk To Introduce New Products That Will Challenge YouTube And LinkedIn

Elon Musk To Introduce New Products That Will Challenge YouTube And LinkedIn

The social media site X formerly known as Twitter, has said that YouTube and LinkedIn are future competitors while they pursue new business lines in video and hiring. Elon Musk, owner, and Chief Executive Officer Linda Yaccarino have called out the social media sites during an all-company meeting on Thursday. The company commemorated Musk’s one-year anniversary of his takeover on Twitter Inc. The duo has also revealed plans to create a news wire service called Xwire, which will be going up against Cision’s PR Newswire. The meeting was a first of its kind as they addressed the company together. The latter was hired as the company CEO in May and crossed over from NBCUniversal. She was in charge of the partnerships and advertising. Yaccarino has been focused on rebuilding relationships with advertisers, while Musk has been revamping the product itself, according to the report. He introduced premium subscriptions, redefined account verification, and implemented a community-driven fact-checking system called Community Notes. Musk being the world’s richest man, has closed a $44 billion deal to buy Twitter on October 27 last year. He fired most of the executives and cut or sparked resignations from most of the employees. Advertisers have fled the platform and are not showing signs of wanting to come back. Both the executives have touted record amounts of time spent on the platform, counting 500 million users. However, some third-party estimates have revealed the numbers have gone down since last year. In a Thursday post on the social media platform, the X account said the platform has added more than 100 features over the last 12 months while giving users a chance to weigh in and suggest ideas. The post on X read, “Our goal is simple: to make X the coolest and most enjoyable place on the internet. This includes maximizing prosperity for content creators, enabling better/more authentic conversations, and giving you more tools to express yourself.” Read Also: How To Keep Up On The Latest News? Facebook Blueprint: Building A Strong Foundation For Social Media Advertising

READ MOREDetails
Taylor Swift Announced Release And Streaming Of “Eras Tour” Movie On Her Birthday

Taylor Swift Announces “Eras Tour” Movie Release on Birthday

Swifties are the happiest people in the world right now! When Taylor Swift wrapped her concert tour in Brazil, she announced that her concert movie “The Eras Tour Concert” would be available for streaming on and after December 13th! It is her birthday on December 13th! The coolest marketing move, if there ever was one, is this. This year has been one of the biggest ones for Taylor Swift; from winning the title “Artist of the Year” by Apple Music to re-recording two of her previous albums, she is doing it all. https://twitter.com/taylorswift13/status/1729130503712743596?s=20 The Eras concert tour has set many records and become one of the biggest blockbusters, setting several box-office records! One of her most popular albums, 1989, which had several records, was re-recorded by her again, further adding to her achievements and success. Taylor has not only created a huge fan following worldwide but has also proved herself time and again to be intelligent, smart, and highly talented. She went on to announce that three songs, “Wildest Dreams,” “Long Live,” and “The Archer,” are added to the concert movie streaming for you at home. The beautiful American singer has also announced that the different countries across which the streaming will be available will also be announced soon! In her statement, she mentioned Canada, apart from the US, where people could stream her Era Concert movie. https://twitter.com/usweekly/status/1729153242729251278?s=20 With a master-level marketing strategy, Taylor has created another opportunity to earn from the content she did once while performing in the concert. Around the world, Swift had sold out stadiums, and people had paid for tickets. Then she released the concert movie across theaters, where people paid money to see her perform. Now, people will be paying for it again while steaming the performance while sitting in the confines of their home. The streaming platforms that will benefit from this development are Amazon Prime Video and Apple TV.So, people pay three times for the same content and are not complaining! What a move, Swift! Learn More About: Taylor Swift Postpones Rio Concert Following Fan’s Death: Safety Concerns  This Is Why Taylor Swift Sends Kelly Clarkson Flowers After Every Re-Recording

READ MOREDetails
Retail Giants Gear Up For Earnings Walmart & Ross Leads Target Lags Behind

Retail Giants Prep for Earnings; Walmart & Ross Top, Target Trails

This week, several key players in the retail sector are slated to reveal their quarterly earnings. The spotlight is on companies navigating these turbulent waters in a year marked by economic challenges and fluctuating consumer confidence. Those prioritizing discount goods over discretionary items have emerged as industry leaders. Predicting Earnings Surprises   Investors eyeing these retail giants have a powerful tool at their disposal—Zacks Earnings ESP (Expected Surprise Prediction). This tool aims to identify companies experiencing positive earnings estimate revisions, leveraging the belief that recent information holds predictive power during earnings season. Historically, combining a Zacks Rank #3 or better with a positive Earnings ESP has yielded positive surprises 70% of the time, boasting a 28.3% average annual return over a 10-year period. https://twitter.com/anycurrencynews/status/1725133408811065432?s=20 Earnings Anticipation In Retail   In the challenging landscape of retail, this year has been a litmus test for what resonates with consumers. Despite varied stock performances, all eyes are on a group of retailers forecasted to beat earnings estimates, indicating a bullish sentiment among analysts. Walmart   Walmart, a standout performer this year with a 20.3% year-to-date rally, holds a Zacks Rank #2 (Buy). The retail giant's strategic focus on discount offerings and a robust e-commerce expansion have contributed to its success. Walmart's Q3 earnings report, set for November 16, is anticipated to exceed estimates, with a Zacks ESP forecasting a 0.8% beat. The TJX Companies   Benefiting from its discount pricing strategy, TJX Companies has seen an 18% YTD gain. Operating across 4,900 stores in nine countries, this off-price retailer is set to report earnings on November 15. The Zacks ESP projects a 2.6% earnings beat, reflecting a mixed earnings outlook. Ross Stores   With a Zacks Rank #2 (Buy), Ross Stores has capitalized on the discount retail trend, gaining 10% YTD. Expected to report on November 16, the Zacks ESP suggests a 2.08% earnings beat. Ross Stores offers in-season, branded, and designer merchandise at prices 20% to 60% below regular department store rates. Target   Facing headwinds this year, Target's stock has dipped by -23.7% YTD. Target reported on November 15 that it had experienced a significant drop in comparable sales as consumers cut back on discretionary spending. Despite a Zacks Rank #4 (Sell), indicating falling earnings estimates, there's a glimmer of hope with a Zacks Earnings ESP projecting a 1.97% earnings beat. While Walmart continues to lead the pack, Target's dip in valuation raises questions about its future trajectory. Investors are advised to stay vigilant and monitor shifts in earnings estimates for potential investment opportunities in this dynamic retail landscape. Learn More About: Walmart Deals On Black Friday: Apple Watch, PS5, And More Elon Musk To Introduce New Products That Will Challenge YouTube And LinkedIn

READ MOREDetails