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Meta pays $50m to settle Australia’s privacy violation case

Meta, the parent company of Facebook, will pay US$50 million to settle legal proceedings in Australia related to privacy violations from the 2018 Cambridge Analytica scandal.

The case centers on claims that data from over 300,000 Australian Facebook users was accessed without consent by a third-party developer and used for targeted political ads.

The OAIC filed a lawsuit against Facebook in March 2020 to seek damages for affected users.

Recent Meta developments

Timeline
17-Dec-2024 💼 Meta fined $263.5m in Europe over user data breach
  • Meta fined €251M for 2018 data breach
  • Affected 29M Facebook accounts globally
17-Dec-2024 📈 Meta appoints new chief revenue officer
  • John Hegeman named Meta’s new chief revenue officer
  • Focus on supporting small and medium businesses
17-Dec-2024 🕶️ Meta adds live AI, translation to Ray-Ban smart glasses
  • Meta adds AI, translation, and Shazam to glasses
  • Live features limited to Early Access participants
14-Dec-2024 🚫 Meta challenges OpenAI’s shift from nonprofit to for-profit
  • Meta urges AG to block OpenAI’s for-profit shift
  • OpenAI claims move is vital for attracting investments
13-Dec-2024 🤖 Meta unveils AI model to enhance metaverse experience
  • Meta launches AI model, Meta Motivo.
  • Enhances avatars’ body movements for Metaverse.
12-Dec-2024 🎉 Meta donates $1m to Trump’s inaugural fund

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