DISCLAIMER: Viral Thread would like to apologize for the incorrect information featured in the original version of this article, published on April 3, 2018. Upon further research, the claims stated within the article (originally stated in The Sun) were discovered to be false.
In short, the notion that Facebook users could claim damages from the social network over the Cambridge Analytica controversy was a highly speculative one that was specific to UK users only and posited £12,500 (US $17,500) as a theoretical maximum, rather than a probable payment.
Social media has forever changed the way we interact with our friends, family, and acquaintances. Chances are, your day begins and ends with a scroll through Facebook.
But while the various social networking sites in existence, such as Twitter and Facebook, play a huge role in our everyday lives, they can also pose substantial risks to our overall privacy.
Recently, it came to light that Cambridge Analytica illegally used personal information from over 50 million Facebook users to target American voters with personalized political ads during the 2016 election.
This is what the former White House chief strategist Steve Bannon had to say about Cambridge Analytica:
Why is Facebook implicated in this? Well, it's mostly because they had known the data analytics firm was using people's personal data since 2015, but only decided to suspend them earlier this month.
Before this, Cambridge Analytica harvested users' data from Facebook, and, as a result, it is highly likely that users of the social networking site had their private information looked into illegally.