GITNUX MARKETDATA REPORT 2024
Facebook Settlement Payout Statistics
The Facebook settlement payout statistics indicate that the average payout per user is expected to be around $5.
In this post, we examine the numerous legal settlements that Facebook has entered into over the years, shedding light on the significant financial amounts involved and the implications for both the company and its users. From multi-million dollar payouts for privacy violations to compensation for content moderators and affected users, these statistics offer a glimpse into the legal challenges that major tech firms like Facebook navigate in today’s digital landscape.
Statistic 1
"Facebook agreed to pay $550 million in 2020 to settle a lawsuit over its use of facial recognition technology in Illinois."
Statistic 2
"The same lawsuit saw over 1.5 million Facebook users in Illinois eligible for a payout."
Statistic 3
"In 2018 Facebook paid $40 million to advertisers to settle a suit on inflated video stats."
Statistic 4
"Facebook agreed to pay a settlement of $5 billion to the FTC over privacy issues in 2019."
Statistic 5
"The $5 billion settlement was the largest ever imposed on any company for violating consumers' privacy."
Statistic 6
"Facebook was set to pay up to $500 per person in the facial recognition lawsuit."
Statistic 7
"Facebook had allocated $3 billion for a potential FTC fine before the actual $5 billion settlement was reached."
Statistic 8
"Facebook agreed to pay $52 million to content moderators who developed PTSD on the job."
Statistic 9
"The $52 million settlement was to be divided among about 11,250 moderators."
Statistic 10
"Facebook will pay $15 million to settle claims it illicitly collected and stored biometric data of more than 6 million Illinois users."
Statistic 11
"In 2020, Facebook agreed to pay $40 million to settle a lawsuit alleging it inflated video viewership metrics for advertisers."
Statistic 12
"The $550 million Facebook agreed to pay in Illinois is believed to be the largest cash privacy class action settlement to date."
Statistic 13
"Facebook's class-action settlement could see as many as 300 million users worldwide eligible for a payout."
Statistic 14
"Each affected Facebook user in Illinois is expected to receive between $200 to $400 after the class action settlement."
Statistic 15
"Despite the major settlements, Facebook's Q4 2019 revenue still saw a growth of 25% to $21 billion."
Statistic 16
"Facebook's settlement with the FTC also led to the implementation of new robust mechanisms for ensuring accountability at Facebook."
Statistic 17
"Facebook paid more than $8 million to more than 7,000 employees to settle a lawsuit over unpaid overtime."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
