A Follow-up on the Facebook Class Action Suit

In a follow-up video discussing the Facebook privacy lawsuit, I addressed several questions from viewers about my decision to opt out of the suit. You can see the update video here.

In the new video I emphasized that my choice is grounded in the principle of taking a stand against abuse from corporations and lawyers.

To illustrate my point, I compared the current privacy lawsuit to a previous lawsuit against Facebook regarding facial recognition. In that case, Judge James Donato of California pushed for a better settlement that was 3 times higher than what was originally negotiated, resulting in increased payouts for affected consumers, less money to the lawyers and a narrower scope of immunity for Facebook.

In other words, “we the people” still have some power to influence decisions that lead to better outcomes. But we have to choose to exercise that power and unfortunately too many don’t.

In the video I shed light on the phenomenon of “no action bias,” which refers to people’s preference to do nothing over something. This, I believe, often leads to consumers accepting unfavorable situations. I use an example of my local power company Eversource doubling electric supply rates and how 82% of consumers opted to pay more vs. filling out a simple form to pick a lower cost supplier.

I urge all consumers to be proactive in taking principled stands against corporate and legal abuse. It is only through our collective efforts that we can make a real difference and hold corporations and lawyers accountable for their actions.

I am Opting out of the Facebook Class Action Settlement

Facebook settled a privacy lawsuit for $725 million related to the Cambridge Analytica scandal and other data sharing practices from 2007 to 2022. Over 200 million people in the United States are automatically included in the class unless they opt out.

In my latest video we take a look at the settlement and why I think the lawyers and Facebook / Meta are the only ones who really benefit.

The lawyers involved in the case are set to receive 25% of the settlement fund, which amounts to about $181 million. Users are expected to receive just a couple of bucks each depending on the length of time they have been Facebook users. The settlement also prevents users from participating in any future lawsuits against Facebook or their parent company Meta regarding any issue related to data sharing that took place throughout the fifteen years the lawsuit covers.

Anyone in the United States that had a Facebook account between 2007-2022 will automatically be included in the class even if they don’t file for a compensation claim. That means unless individuals take the effort to opt-out they will be barred from any legal action against Facebook should additional data sharing scandals and or damages arise in the future.

To opt out of the settlement and preserve your rights, you can visit the Facebook lawsuit website and follow the opt-out instructions.