Facebook's Beacon Settlement Approved by Judge
In what appears to be the last of several conclusions to a drawn-out class action lawsuit regarding Facebook’s now- defunct Beacon advertising program, a judge has approved a contested settlement, as Wired reports. Facebook will provide $9.5 million to create a “Digital Trust Fund” dedicated to studying online privacy (minus $3 million for legal fees).
Beacon automatically showed users’ activity on other web sites to their friends on Facebook. One plaintiff had bought a diamond for his wife, and she found out about it before he intended her to because Beacon immediately shared the purchase with her.
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