cambridgeanalytica
San Francisco (AFP) - Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data. The amount was disclosed in a court filing late on Thursday. "The proposed settlement of $725,000,000 is the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action," lawyers for the plaintiffs said in the filing. Facebook has not admitted any wrongdoing as part of the settlement, which still re...
AFP
Washington (AFP) - Facebook has reached a preliminary agreement in a long-running lawsuit seeking damages from the social network for allowing third parties, including the company Cambridge Analytica, to access users' private data. According to a document filed Friday in a San Francisco court, Facebook says it is submitting a draft "agreement in principle" and has requested a stay of proceedings for 60 days to finalize it. The social network did not indicate the amount or terms of the agreement in the class action. When asked by AFP, Facebook said late Saturday night they had "no comment to...
AFP
Excerpted from Industry Unbound: The Inside Story of Privacy, Data, and Corporate Power by Ari Ezra Waldman. Q3 2021 hedge fund letters, conferences and more Industry Unbound: Friendly AcademicsThe information industry also launders its arguments through seemingly independent academic research. The best example of this is in the field of AI and automated decision-making systems. AI is an umbrella term often imprecisely used to refer to set of technologies “best understood as a set of techniques aimed at approximating some aspect of human or animal cognition using machines.” For AI systems to w...
ValueWalk
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