Facebook faces a £2.3 billion plus class action in the UK. The class action alleges 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 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 will be heard by London's Competition Appeal Tribubal, alleges Facebook made billions of pounds by imposing unfair terms and conditions that demanded consumers surrender valuable personal data to access the network.
"Read MoreJudge rejects Facebook's request to dismiss FTC antitrust complaintThe case comes days after Facebook lost an attempt to strike out an antitrust lawsuit by the Federal Trade Commission , one of the biggest challenges by the U.S. government against a tech company in decades as Washington attempts to tackle Big Tech's extensive market power.
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