OCBC Q1 Profit Rises 5% on Strong Wealth Management and Non-Interest Income 
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook 
K+S Raises 2026 Earnings Outlook After Strong Q1 Results 
Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone 
CoreWeave Q1 2026 Revenue Surges as AI Infrastructure Demand Grows 
Aker BP Q1 Profit Jumps on Higher Oil Prices and Asset Reversal 
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat 
Reliance Industries Reworks Jio IPO Into Fresh Share Sale Amid Valuation Talks 
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert 
AcadeMedia Q3 Profit Climbs as International and Adult Education Segments Drive Growth 
Nike Tariff Refund Lawsuit Sparks Consumer Backlash Over Price Increases 
AWS Data Center Overheating Disrupts Cloud Services in Northern Virginia 
Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping 
Armani Group Eyes Strategic Stake Sale to Luxury Giants 
Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally 
CSL Shares Crash as Profit Warning and $5 Billion Impairment Shake Investors 
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.
