US$3.7 billion UK mass action against Facebook over market dominance rejected - for now

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

LONDON: Facebook on Monday (Feb 20) temporarily fought off a collective lawsuit valued at up to £3 billion (US$3.7 billion) over allegations the social media giant abused its dominant position to monetise users' personal data. However, a London tribunal gave the proposed claimants' lawyers up to six month

LONDON: Facebook on Monday temporarily fought off a collective lawsuit valued at up to £3 billion over allegations the social media giant abused its dominant position to monetise users' personal data.

Meta Platforms Inc, the parent company of the Facebook group, faces a mass action brought on behalf of around 45 million Facebook users in Britain. Her lawyers last month asked the Competition Appeal Tribunal to certify the case under the UK's collective proceedings regime - which is roughly equivalent to the class action regime in the United States.

 

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

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

$3.7 billion UK mass action against Facebook over market dominance rejected - for nowLONDON : Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise users' personal data.However, a London tribunal gave the proposed claimants' lawyers up to six months to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »