The judge presiding over a year-long class action lawsuit concerning Facebook’s Sponsored Stories program has declined to approve a settlement that would see the social network pay out $10 million while being required to introduce opt-out features. According to a report from Wired , Judge Richard Seeborg is concerned that the payout represents a relatively insignificant sum for the Menlo Park-based company, which recently posted $1.18 billion in revenues in what was considered a disappointing second quarter. Proposed in a California district court, the settlement’s primary payout is known as a cy-près , with the money being handed over to a charitable trust for the benefit of various non-profit groups, including the Electronic Frontier… Continue reading…

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Facebook’s $10m Sponsored Stories settlement fails to obtain judge’s approval

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