Meta agrees to $90 mn settlement in privacy lawsuit

Facebook's parent Meta has reportedly agreed to pay $90 million to settle a decade-old class action lawsuit over a practice that allowed the social network to track users' activity across the internet, even if they had logged out of the platform.

The settlement, announced on Tuesday, is one of the largest in the history of the social media company, but it is unlikely to impact the bottom line of the $590 billion internet giant, reports .

If approved, the agreement will also rank among the 10 largest data privacy class action settlements in the US, according to DiCello Levitt Gutzler, one of the law firms involved in bringing the case, the report said.

"Reaching a settlement in this case, which is more than a decade old, is in the best interest of our community and our shareholders and we're glad to move past this issue," Meta spokesperson Drew Pusateri was quoted as saying in a statement to CNN Business.

The company has denied any wrongdoing as part of the deal.

The case, filed in 2012, date