Balanced News: Facebook parent Meta to settle Cambridge Analytica class-action lawsuit for $725M

Facebook’s parent company Meta has agreed a $725 million settlement to resolve a class-action lawsuit related to the Cambridge Analytica data harvesting scandal. The scandal in question — one of many to hit the world of Facebook through the years — relates to the now-defunct U.K. political consulting firm Cambridge Analytica that funnelled data from tens of millions of Facebook users through a survey app called MyDigitalLife, with a view toward influencing voters’ behavior using targeted ads. It’s also worth noting that while the genesis of this class-action lawsuit was Cambridge Analytica, it expanded to include other third-parties that may have improperly used Facebook user data.