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

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


In an aerial view, people gather in front of a sign posted at Meta headquarters in Menlo Park, California, July 7, 2023.

Justin Sullivan | Getty Images

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.

The Office of the Australian Information Commissioner had alleged that personal information of some users was being disclosed to Facebook’s personality quiz app, This is Your Digital Life, as part of the broader scandal.

The breaches were first reported by the Guardian in early 2018, and Facebook received fines from regulators in the United States and the UK in 2019.

Australia’s privacy regulator has been caught up in the legal battle with Meta since 2020. The personal data of 311,127 Australian Facebook users was “exposed to the risk of being disclosed” to consulting firm Cambridge Analytica and used for profiling purposes, according to the 2020 statement.

Why Meta is willing to lose billions on the metaverse

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.

In June 2023, the country’s federal court ordered Meta and the privacy commissioner to enter mediation.

“Today’s settlement represents the largest ever payment dedicated to addressing concerns about the privacy of individuals in Australia,” the Australian Information Commissioner Elizabeth Tydd said.

Cambridge Analytica, a British consulting firm, was known to have kept personal data of millions of Facebook users without their permission, before using the data predominantly for political advertising, including assisting Donald Trump and the Brexit campaign in the UK.

A Meta spokesperson told Reuters that the company had settled the lawsuit in Australia on a no admission basis, closing a chapter on allegations regarding past practices of the firm.



Source

World’s largest sovereign wealth fund posts record .4 billion annual return, driven by tech and banking rally
World

World’s largest sovereign wealth fund posts record $1.4 billion annual return, driven by tech and banking rally

A view of Oslo seen from the roof of the Oslo Opera House in Oslo, Norway, on Thursday, Oct. 21, 2021. Bloomberg | Bloomberg | Getty Images Norway’s $2 trillion sovereign wealth fund posted a record $1.4 billion return in 2025, its management team said Thursday, thanks to rallying tech, financial and mining stocks. By […]

Read More
CNBC’s Inside India newsletter: EU edges out U.S. in getting India to slash auto tariffs, but can European carmakers win big?
World

CNBC’s Inside India newsletter: EU edges out U.S. in getting India to slash auto tariffs, but can European carmakers win big?

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. New Delhi-based tech startup founder Ashita Gupta loves her cars. With prospects of luxury European cars becoming cheaper, Gupta, who drives an Audi A6, is considering buying another high-end vehicle. It […]

Read More
SAP shares see biggest drop since 2020 after fourth-quarter cloud contract growth disappoints
World

SAP shares see biggest drop since 2020 after fourth-quarter cloud contract growth disappoints

German software giant SAP plunged as much as 11% Thursday after reporting weaker-than-expected growth in its cloud contract backlog in the fourth quarter. It’s the biggest daily fall since October 2020, when its stock dropped 22% following disappointing third-quarter results. The stock is also on track to close at its lowest price since mid-2024. Shares […]

Read More