Facebook seeks to block US$3.7b UK mass action over market dominance

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

LONDON, Jan 30 — Facebook today asked a London tribunal to block a collective lawsuit valued at up to £3 billion (RM15.8 billion) over allegations the social media giant abused...

LONDON, Jan 30 — Facebook today asked a London tribunal to block a collective lawsuit valued at up to £3 billion over allegations the social media giant abused its dominant position to monetise users’ personal data.

Legal academic Liza Lovdahl Gormsen, who is bringing the case, said Facebook users were not properly compensated for the value of personal data that they had to provide to use the platform. But Meta said the lawsuit was"entirely without merit” and should not be allowed to proceed. Its lawyers said the claimed losses ignore the"economic value” Facebook provides.

A decision to certify collective proceedings will depend on whether the tribunal decides that the individual cases can appropriately be dealt with together, rather than on their merits.

 

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:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Facebook seeks to block $3.7 billion UK mass action over market dominanceLONDON (Reuters) - Facebook on Monday asked a London tribunal to block 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.
Source: staronline - 🏆 4. / 75 Read more »