This isn’t true at all. People where I live got $300 settlements from Facebook.
Parent post seems like anti-class action FUD.
Only if you don't opt out. Individuals who opt out of being part of the class can still file their own suits. (Although it's not clear how successful you will be if your situation/harm is not substantially different from the other members of the class.)
No
It doesn’t. You can almost[1] always opt out of class action lawsuits to pursue your own suit. This would be expensive and unwise for most people, but you have right.
[1] There are rare exceptions.
Courts aren't lacking in budget to hire more people. They're lacking in people available to hire, with the specific expertise that they need to fill any gaps. The legal profession, at least in the US, consistently has some of the lowest unemployment rates across the board. Unlike over here in the tech sector, the scarcity is in available talent, rather than available jobs.
This is humanity vs Mark Zuckerberg.
the flaw with class actions is not that they don't pay enough (or too much, to the wrong people) money. it's that they're reactive, which is to say, it's the same tradeoff with nearly all US commercial policy.