Social Media Newsfeed: Facebook Sponsored Stories Settlement | Twitter Response to Miley Cyrus
Facebook Will Pay $15 Per User After Judge Approves Final $20M Ad Settlement (GigaOM) Facebook will pay out $9 million to approximately 614,000 users as part of a $20 million legal settlement that is intended to compensate users for the social network’s decision to display their pictures in “sponsored stories” ads without permission. In an order filed Monday in San Francisco, U.S. District Judge Richard Seeborg gave the final thumbs up to a revised deal that will raise individual payouts to $15 each — a total that is higher than the $10 maximum proposed under an earlier version of the settlement. The payouts will only go to those who responded to a notice earlier this year (it’s too late for everyone else).
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Facebook Will Pay $15 Per User After Judge Approves Final $20M Ad Settlement (GigaOM)
Facebook will pay out $9 million to approximately 614,000 users as part of a $20 million legal settlement that is intended to compensate users for the social network’s decision to display their pictures in “sponsored stories” ads without permission. In an order filed Monday in San Francisco, U.S. District Judge Richard Seeborg gave the final thumbs up to a revised deal that will raise individual payouts to $15 each — a total that is higher than the $10 maximum proposed under an earlier version of the settlement.
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