Facebook set to pay users $725 million, but deadline to claim money is this week

Facebook is set to pay users more than $725 million.

If you have had a Facebook account anytime across the past 16 years or so, the good news is you are probably owed money.

The catch, however, is that you now have until Friday to claim it.

The clock is ticking.

Facebook is set to pay out more than $725 million combined to users who had accounts from May 24, 2007 until December 22, 2022.

The money being paid out by the social media site is part of a privacy settlement that it agreed late last year to pay after being sued for allowing users’ personal information to be picked up by Cambridge Analytica.

A deadline of Aug. 25 was established for claims to be made.

Making a claim takes just minutes. Just fill out the form, located here, and your name should be on the list.

How much money should you expect?

Well, that remains to be seen. Yes, $725 million is a lot of dough, but that is to be split up among all of the eligible folks who make a claim. So, the payout will decrease as more people enter the mix.

But, hey, it’s money you didn’t have, right? So, fill out the form, and see what you get. Or, don’t, and leave more for the rest of the folks who had their personal info put out on the streets by Mark Zuckerberg’s site.