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LONDON: Social media giant Facebook , now known as Meta Platforms, faces a 2.3 billion pound plus ($3.2 billion plus) 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
FORTY-FOUR million Facebook users in the UK could be due compensation amid a multibillion-pound legal claim launched against parent firm, Meta.
The company is accused of abusing its market dominance, and the lawsuit is seeking a minimum of £2.3 billion in damages.
Facebook in the UK is being sued for billions of pounds which, if successful, could see more than 44 million users compensated amid claims they had their data exploited.
The company is accused of abusing its market dominance, and the lawsuit is seeking a minimum of £2.3 billion in damages.