The social networking giant, now known as Meta, is accused of taking advantage of its monopoly to collect users' personal data.
By Mariel Zasso. Pen Sula 360 Press [P360P]
Alleging abuse of market dominance, Meta Platforms Inc., the conglomerate behind Facebook, Instagram and WhatsApp, may pay more than £2.3 billion (about $3.1 billion) to 44 million Facebook users in the UK.
Dr Liza Lovdahl Gormsen, a scholar specialising in antitrust law, is leading the class action on behalf of all UK people who used Facebook between 2015 and 2019. She alleges that the corporation abused its monopoly by charging an unfair price for free use of its platform – hoarding and using personal data – and that Meta must compensate its users for the period claimed.
With the support of specialist lawyers, the chief counsel of the British Financial Conduct Authority (FCA) supervisory body has filed a voluntary exclusion class action (opt-out collective action) in the UK Competition Appeal Tribunal. This means that all affected parties are included in the claim unless they state that they do not wish to participate. Also, there will be no