ByteDance Finalizes Majority U.S.-Owned TikTok Joint Venture to Avert American Ban 
Trump Signs Executive Order to Limit Wall Street Investment in Single-Family Homes 
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments 
Global DRAM Chip Shortage Puts Automakers Under New Cost and Supply Pressure 
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
Netflix Stock Slips After Earnings as Soft 2026 Guidance Overshadows Subscriber Milestone 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
Intel Stock Slides Despite Earnings Beat as Weak Q1 Outlook Raises Concerns 
Nintendo Stock Jumps as Switch 2 Becomes Best-Selling Console in the U.S. in 2025 
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure 
Rio Tinto Posts Strong Q4 Iron Ore and Copper Output on Operational Recovery 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Facebook is paying $650 million to settle a privacy lawsuit concerning its face-tagging feature. The federal judge just approved the settlement this past weekend.
Facebook to settle privacy legal battle
The lawsuit stemmed from the complaints of users who said that Facebook has been using their biometric data without permission. The photo face-tagging feature is also included in the complaint since the social media networking platform has been automatically tagging them in some posts.
As per AP News, U.S. District Judge James Donato just approved the settlement deal for the class-action suit that was filed in 2015. In the filing, almost 1.6 million Facebook users in Illinois have submitted claims, and they will be included in the settlement.
The judge said that this is one of the biggest settlements for a privacy violation offense. This is because Mark Zuckerberg’s company will be paying those 1.6 million users to settle the case.
If the total settlement money is divided, people in Illinois will be able to receive more than $300. This is truly a major win for the consumers who are fighting for digital privacy rights.
“It will put at least $345 into the hands of every class member interested in being compensated,” Donato said in the decision.
The Chicago-based lawyer who filed the case against Facebook, Jay Edelson, told the press that Facebook users who filed a claim will start receiving their checks through mail within two months. However, he noted that if the ruling is appealed, then there will be no checks to distribute.
Facebook’s response to the settlement
Fox Business reported that Facebook agreed to pay the huge settlement in July last year after the case was filed in Illinois due to the platform’s facial recognition technology that the civil lawsuit claimed to have violated the state's biometric privacy law. With the latest development of the case, the tech company is content with the agreement.
“We are pleased to have reached a settlement so we can move past this matter, which is in the best interest of our community and our shareholders,” Facebook said in a statement.
