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Meta agrees to pay $50 million to settle Cambridge Analytica privacy lawsuit

Meta (META.US) has agreed to pay A $50 million to settle a protracted legal battle over the Cambridge Analytica scandal, Australia's privacy watchdog said. "Today's settlement is the largest payment to date committed to resolving individual privacy concerns in Australia," said Elizabeth Tydd, Australia's information commissioner. Cambridge Analytica, a British consultancy, was found to have retained the personal data of millions of Facebook users without permission and used it for political advertising and other purposes. The Australian Information Commissioner's Office accused Meta of breaching privacy laws by disclosing the personal information of more than 311,000 Australian users to Facebook's personality-testing app This is Your Digital Life without their consent.