homepage Welcome to WebmasterWorld Guest from 54.198.148.191
register, free tools, login, search, subscribe, help, library, announcements, recent posts, open posts,
Subscribe to WebmasterWorld
Home / Forums Index / Social Media / Facebook Marketing
Forum Library, Charter, Moderators: httpwebwitch

Facebook Marketing Forum

    
Facebook's 'Sponsored Stories' Settlement of 10 Million May Not Be Enough
engine




msg:4481651
 4:37 pm on Aug 3, 2012 (gmt 0)

Facebook's 'Sponsored Stories' Settlement of $10 Million May Not Be Enough
[wired.com]
A San Francisco federal judge declined Thursday to approve a Facebook privacy settlement concerning the social networking site’s “Sponsored Stories” advertising program, saying he was concerned that the $10 million payout was not adequately explained, and might not be big enough.

The deal, which does little to bolster the privacy of Facebook’s approximately 150 million U.S.-based users, provides $10 million to the lawyers who sued the social-networking site and another $10 million to charity, in what is known as a cy pres award.

“Why shouldn’t the cy pres be $100 million?” U.S. District Judge Richard Seeborg asked attorneys on both sides.

He suggested he might order the parties to return to provide more information on how it reached that amount.


Earlier Story
Facebook Pays $10 Million To Charity To Settle Lawsuit Out of Court [webmasterworld.com]

 

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / Social Media / Facebook Marketing
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About
© Webmaster World 1996-2014 all rights reserved