Welcome to WebmasterWorld Guest from

Forum Moderators: httpwebwitch & not2easy

Message Too Old, No Replies

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



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

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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

Featured Threads

Hot Threads This Week

Hot Threads This Month