Facebook faces $3.2 billion UK class action over market dominance

  • 📰 cnni
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Facebook faces a £2.3 billion plus class action in the UK. The class action alleges it abused its market dominance by exploiting the personal data of 44 million users.

Liza Lovdahl Gormsen, a senior adviser to Britain's Financial Conduct Authority watchdog and a competition law academic, said she was bringing the case on behalf of people in Britain who had used Facebook between 2015 and 2019.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.

"Read MoreJudge rejects Facebook's request to dismiss FTC antitrust complaintThe case comes days after Facebook lost an attempt to strike out an antitrust lawsuit by the Federal Trade Commission , one of the biggest challenges by the U.S. government against a tech company in decades as Washington attempts to tackle Big Tech's extensive market power.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

But but buy haven’t they bought the courts by now? Surely these things go unpunished.

MUSKSWAPCHANNEL twitter account is dead, there is no news or anything like that, just looking at it is not good, it makes buyers feel strange, it's definitely a scam, because half of our money has been spent, and he made a new presale on his website, what a good idea very sly

CACKLECACKLECACKLE

Get rekt

Get’em!

I'm sure Zuckerberg can afford it. If penalties didn't include Zuckerberg being placed behind bars then these penalties mean nothing.

nb cares

WELL NO SHIT!

hmm....

'Liza Lovdahl Gormsen, said she was bringing the case on behalf of people in Britain who had used Facebook between 2015 and 2019.' As one of the 44 million Brits who used it, can I expect any of the potential winnings in my pocket? 😉

El mercenario digital más grande de la historia,ojalá que la justicia internacional lleve a la cárcel de por vida a este delincuente que la codicia lo llevo a hacer negocios con nuestros datos personales, para perjudicarnos y así llenarse los bolsillos de dinero.

I don't believe in conspiracy theories, but Jesus Christ, he does look like lizard alien overlord in this picture. 😷😂🥂 👽🛸👾 🦎

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSİNESS

Business Business Latest News, Business Business Headlines