Non-Profits to Reap $10 Million From Facebook Settlement [REPORT]

Privacy and consumer groups will pocket $10 million from the Facebook "Sponsored Stories" settlement once a Federal judge signs off on the deal.

Facebook reported in mid-June that it would be settling the lawsuit. However, initial reports did not detail which charities would be getting the $10 million.

This week, a new court motion revealed more than a dozen consumer rights groups -- including Consumer Federation of America, Rose Foundation, Center for Democracy & Technology and the Stanford Law School Center for Internet and Society -- will split the $10 million from Facebook. The initial report was published by Wired.

Many groups will receive $500,000 or $1 million each. This "…
Continue reading...

More About: Facebook, Social Media, Sponsored Stories, lawsuit, social networking

Path’s Consistency Of ToneThis Website Uses Social Media to Find Your Dream Job

There are no tags associated with this post.

Click to share thisClick to share this