Facebook is facing a $3.2 billion class action lawsuit in the United Kingdom due to its market dominance.
London Facebook, now known as Meta Platforms, is facing a class action lawsuit in the United Kingdom over charges that it exploited its market dominance by exploiting the personal data of 44 million members.
Liza Lovdahl Gormsen, a competition law academic and senior adviser to the UK’s Financial Conduct Authority (FCA), said she was initiating the case on behalf of consumers in the UK who used Facebook between 2015 and 2019.
The lawsuit claims that Facebook made billions of pounds by imposing unfair terms and conditions that required users to surrender valuable personal data in order to access the network. It will be heard by London’s Competition Appeal Tribunal.
The law firm representing Lovdahl Gormsen, Quinn Emanuel Urquhart & Sullivan, has alerted Facebook of the lawsuit.
People utilized Facebook’s services because it provided value to them, and “users have substantial control over what information they disclose on Meta’s platforms and with whom,” according to Facebook.