Facebook has agreed to pay $550 million to Illinois users to settle a class action lawsuit filed over the use of its face-tagging technology to collect facial-recognition data on its social media platform.
The company unveiled the settlement on a quarterly financial call Wednesday, in which it attributed the settlement to the company’s general and administrative costs, which increased 87 percent from a year ago, according to a published report.
“We decided to pursue a settlement as it was in the best interest of our community and our shareholders to move past this matter,” according to a statement from Facebook.
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Source: ThreatPost
