Facebook-parent Meta settles with Australia's privacy watchdog over Cambridge Analytica lawsuit

Quick Summary:

:Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia's privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal.

Meta did not immediately respond to a Reuters request for comment.

It convinced the high court in March 2023 to not hear an appeal, which is considered to be a win that allowed the watchdog to continue its prosecution.

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Category: EconomyBusiness

Markets: SingaporeAustraliaUnited States

Topics: Australia Commissioner Legal Analytica Meta Watchdog Scandal Cambridge Information Facebook Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 08:56:04 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24480681

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