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

LONDON : Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds 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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

UK video streaming market shows signs of recovery in last quarter of 2022LONDON : The UK video streaming market showed a tentative recovery in the final quarter of 2022, with subscriber numbers edging higher after a sharp decline earlier in the year when cash-strapped households sought savings, industry data showed on Monday. Market researcher Kantar said that between October
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »