【Australian Regulatory Authority: Meta Agrees to Pay AUD 50 Million to Resolve Cambridge Analytica Related Privacy Lawsuit】

According to reliable sources, the Australian privacy regulator has stated that Meta (META.US) has agreed to pay AUD 50 million to settle a lengthy legal battle stemming from the Cambridge Analytica scandal. Australian Information Commissioner Elizabeth Tydd stated, "Today's settlement is the largest payment to date aimed at addressing individual privacy issues in Australia." The UK consulting firm Cambridge Analytica was found to have retained millions of Facebook users' personal data without permission and used it for political advertising, among other things. The Australian Information Commissioner's office alleged that Meta violated privacy laws, with the personal information of over 311,000 Australian users being disclosed to Facebook's personality quiz app "This is Your Digital Life" without user consent.