Settlement of class action suit: Facebook users to earn over GHc5 billion from company
- Facebook is set to pay over $500 million to some people in Illinois who used the app between mid-2011 to mid-2015.
- The company has been named in a class action suit with respect to the use of face analysis for automatic tagging
- The amount involved reportedly represents a small amount of the $35 billion Facebook could have paid to them
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Facebook Inc is set to pay over $500 million or GHc5,510,424,000 in a bid to settle a class action lawsuit, YEN.com.gh has learnt.
Information available shows that the move is an attempt to deal with accusations of a systematic violation of an Illinois consumer privacy law.
Per a report by techcrunch.com, the amount forms a small fraction of the maximum amount of $35 billion Facebook could have paid.
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The class members, primarily based in Illinois, are people who used Facebook between mid-2011 to mid-2015.
It is believed that they may expect to receive about $200 each but this depends on a number of factors.
As part of the settlement, Facebook would in future require permission before it obtains consent for purposes such as face analysis for automatic tagging.
In other news, American company, United Parcel Service (UPS) has sealed a deal worth over GHc600 million with United Kingdom (UK) electric van maker, Arrival.
YEN.com.gh understands that UPS has placed an order for 10,000 purpose-built vans which would be rolled out between 2020 and 2024.
There is an option of a further 10,000 vans in the year 2023, and the vans are set to be produced at Arrival’s production sites in UK in Bicester and Banbury.
Per a report by ft.com, three other production sites, one in Reading, one in New Jersey in the United States of America (USA) and another in mainland Europe would be involved in the process.
UPS’s decision comes as a boost in its operations, taking into consideration its position in the UK car industry.
Reports say that trading-related uncertainties following Brexit have led to falling output amid lower sales.
Information available shows that the orders were placed a week after UPS received €100 million from Hyundai and Kia, valuing the start-up at €3 billion and providing capital for the business to expand.
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Source: YEN.com.gh
