Facebook faces $3.2 billion class action

Stefan Mileschin · 17th January 2022, 10:48

UK claims it abused market dominance

Facebook faces a $3.2 billion 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 Conduct Authority (FCA) 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 London's Competition Appeal Tribubal will hear, claims Facebook made billions of pounds by imposing unfair terms and conditions that demanded consumers surrender valuable personal data to access the network.

Quinn Emanuel Urquhart & Sullivan, the law firm representing Lovdahl Gormsen, has notified Facebook of the claim.

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."

https://fudzilla.com/news/54206-face...n-class-action

17th January 2022, 10:48	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Facebook faces $3.2 billion class action UK claims it abused market dominance Facebook faces a $3.2 billion 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 Conduct Authority (FCA) 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 London's Competition Appeal Tribubal will hear, claims Facebook made billions of pounds by imposing unfair terms and conditions that demanded consumers surrender valuable personal data to access the network. Quinn Emanuel Urquhart & Sullivan, the law firm representing Lovdahl Gormsen, has notified Facebook of the claim. 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." https://fudzilla.com/news/54206-face...n-class-action

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