Facebook pay millionaire agreement for data use

Facebook pay millionaire agreement for data use

A high sum of money must cancel Facebook, after a group of users sued him for the improper use of his photographs to train facial recognition systems.

Through an out-of-court settlement, the social network will have to pay the amount of $ 550 million for having used biometric data of these people, without legal consent.

This situation puts an end to a judicial dispute of almost five years and must now be presented by the parties to the judge and approved by the judge.

The class action lawsuit was filed in 2015 jointly by three different law firms based on Illinois state law, according to which companies cannot compile user biometric data (such as fingerprints, voice, facial expression, etc.) without your express consent. On that occasion, this group of users also filed lawsuits against Shutterfly, Snapchat and Google, for the same reasons.

The Edelson PC law firm, one of the three that represented the plaintiffs in the lawsuit, referred to the out-of-court settlement with Facebook.

“Biometrics is one of the two main battlefields, along with geolocation, that define our privacy rights for the next generation. We are proud of the solid team we had in the place that was determined to fight against this case of critical importance in the last five years. We hope and hope that other companies follow the example of Facebook and pay close attention to the importance of our biometric information. ”

Report of the last quarter of 2019

Facebook also delivered its financial balance sheets for the last quarter of 2019 (Q4) and informed that its total users grew by 9% during 2019.

The company of Mark Zuckerberg that closed its fiscal year 2019 with benefits of $ 18,485 million dollars, which meant a decrease of 16 percent over the previous year, despite entering the same period 27 percent more up to $ 70,697 million dollars.

Analysts expected earnings of $ 2.52 per share and revenue of $ 20.9 billion, according to software and financial data company FactSet.

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