Colorado Residents Could Get Paid by Facebook’s $725M Settlement

Facebook has over three billion users worldwide. We can all assume that the majority of Colorado residents are on the social media platform.

Facebook’s Massive Reach in Colorado and Beyond

Facebook will begin paying users, including Colorado residents, due to a major privacy settlement. Here is what you need to know.

The 2023 Facebook Settlement Sign-Up

You may have signed up for a settlement reimbursement in 2023. Many of us thought it was a scam, but people across the globe were, in fact, able to sign up for a settlement from Facebook regarding a privacy lawsuit.

Details of the $725 Million Privacy Settlement and Colorado

CBS says that Facebook had a $725 million privacy settlement due to the company sharing its users' data illegally and unethically. If you signed up for a claim back in 2023, you will be receiving your part of the claim within the next few weeks.

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How Much Money Will Colorado Facebook Users Receive?

The Hill claims that settlement payments could be as low as five dollars. The maximum settlement payment is $38.46. The settlement payout is based on how long you were a user on Facebook from 2007 to 2022.

When Colorado Facebook Users Can Expect Payments

Payments will be issued to Facebook users who signed up for a claim back in 2023. Colorado Facebook users will receive their payments over the next ten weeks.

Too Late to Sign Up for the Settlement

It is too late to sign up for a settlement. That window for opting in closed in 2023.

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Money says payments will be issued within the next ten weeks due to the fact that so many citizens of the United States opted in.