The Facebook Privacy Settlement is about to end. This means that you only have little time left to claim your part of the $725 million settlement. 

If you haven't received yours, here's what you need to know. 

Facebook Privacy Settlement Deadline is Near

(Photo: Dan Kitwood/Getty Images) In this photo illustration, the Social networking site Facebook is reflected in the eye of a man on March 25, 2009, in London, England. The British government has made proposals that would force Social networking websites such as Facebook to pass on details of users, friends, and contacts to help fight terrorism.

According to CNBC's latest report, Facebook users have less than a month to apply for their share of the Privacy Settlement of the platform. 

This settlement, which costs $725 million, is being distributed to qualified users. 

Although there's a chance that you will receive less, depending on the number of users claiming their shares, it is still free money. 

If you are interested, here are the steps you can follow: 

1. First, make sure that you're a Facebook user in the U.S. between May 24, 2007, and December 22, 2022. 
2. After that, you need to fill up the Facebook Privacy Settlement form. You can either search for it online or click this link. 
3. Once you submit your form, you need to wait for further updates from Facebook. 
4. If you're eligible, you will receive your settlement money via PayPal, Zelle, Venmo, a prepaid Mastercard, or a physical check. 

You have until Aug. 25 to submit your Facebook Privacy Settlement form. 

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About Facebook Privacy Settlement 

(Photo: JOEL SAGET/AFP via Getty Images) A picture taken on May 14, 2012, in Paris, shows an illustration made with a figurine set up in front of Facebook's homepage. Facebook, already assured of becoming one of the most valuable US firms when it goes public later this month, now must convince investors in the next two weeks that it is worth all the hype. Top executives at the world's leading social network have kicked off their all-important road show on Wall Street.

According to Forbes' latest report, Meta agreed to the $725 million settlement to settle the allegations claiming that Facebook is sharing users' private information with third-party companies. 

These accusations are serious since many of the third-party companies that Meta is allegedly sharing data with are high-profile ones. 

The settlement was signed in December 2022. Because of its amount, it is considered the largest class action settlement of its kind. 

But, the settlement helped Meta to end years of litigation over Facebook's role in incorrect data sharing with a data consultancy firm used by former U.S. President Donald Trump during his 2016 presidential campaign.  

If you want to learn more about the Facebook Privacy Settlement, you can click this link. 

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