get out your calculators

Judge In Facebook Settlement Doesn't Understand Why Users Shouldn't Get Some Money

Judge In Facebook Settlement Doesn't Understand Why Users Shouldn't Get Some Money

A U.S. District judge tasked with bestowing final approval on the legal settlement between Facebook and its users over the “Sponsored Stories” ads is crunching the numbers in the case and he’s just a bit befuddled. Both Facebook and the plaintiffs floated a $123 million amount as the value of the settlement, but then somehow the company is only going to hand over $20 million in legal fees and donations to charity. [More]