If you received a notice stating that Facebook may owe you money, it is not a scam. Facebook indeed owes 20 million dollars to some users of the site, but don’t be expecting a whole lot of cash.
Facebook just recently settled out of court a class action lawsuit worth 20 million U.S. dollars, and you may be entitled to some of it. Sadly, that money will be distributed to approximately 150 million people. Surely a couple bucks is better than none, right?
Recently many Facebook users have received E-mails stating they may be owed money but many thought that the E-mails were a hoax or possibly Spam. The messages are indeed real and will be coming from the sender, ‘email@example.com”. Be leery if you receive a message from any other sender and always verify it with Facebook if you are still unsure.
The lawsuit, which was Fraley, et al. v. Facebook, Inc., et al., Case No. CV-11-01726 RS, was in regards to image usage by Facebook itself. Quite simply, if you or your child had a Facebook account with a Facebook Sponsored Story featured, you may be entitled to compensation. However, they must have used the images, which would then automatically constitute you as part of the class action.
You may recall a similar stint where folks were in an uproar over the Instagram image use agreement. Instagram stated they would begin using people's images in advertisements without their knowing and they didn't need their permission. This notice resulted in an uproar of criticism from privacy advocates and Instagram quickly reversed their policy.
Sadly, do not be expecting to overwhelm your bank with a hefty deposit with this class action – more than likely you are not going to see one penny.
In the class action message it clearly reads, "If the number of claims made renders it economically infeasible to pay money to persons who make a timely and valid claim, payment will be made to the not-for-profit organizations on the Settlement website at "www.fraleyfacebooksettlement.com".
So, if everyone goes in for a piece of the pie Facebook says, “No pie for you!”