Facebook faces US$3.2 billion UK class action over market dominance

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LONDON : Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus (US$3.2 billion plus) class action in Britain over allegations it abused its market dominance by exploiting the personal data of 44 million users.Liza Lovdahl Gormsen, a senior adviser to Britain's Financial

LONDON : Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus class action in Britain over allegations it abused its market dominance by exploiting the personal data of 44 million users.

The lawsuit, which will be heard by London's Competition Appeal Tribubal, alleges Facebook made billions of pounds by imposing unfair terms and conditions that demanded consumers surrender valuable personal data to access the network. Facebook said people used its services because it delivered value for them and"they have meaningful control of what information they share on Meta's platforms and who with."

"In the 17 years since it was created, Facebook became the sole social network in the UK where you could be sure to connect with friends and family in one place," Lovdahl Gornsen said.

 

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