Monday, January 28, 2013

Facebook could pay users in class-action Sponsored Stories settlement

Million of Facebook users got a notice that they may be eligible for a class-action payout from Mark Zuckerberg’s company.

NEW YORK (CNNMoney)

But don’t get your hopes up just yet: Your chances of actually seeing that much cash are pretty slim.

In April 2011, five Facebook users filed a lawsuit against the social network giant over its recently launched Sponsored Stories advertising product, which includes users’ names and profile picture. If you click ‘Like’ on a brand like Target, your friends might start seeing Target-related ads with your face next to them.

Keep reading…

Read also:

Why I Can't Claim My $ 10 From Facebook In The 'Sponsored Stories' Settlement (Forbes)

Want $ 10 From Facebook? Watch Out for 'Sponsored Stories' Email (PC Magazine)

Facebook's privacy payout: how you'll get $ 10, $ 5 or nothing (GigaOM)

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