Tuesday, May 17, 2022
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Meta (Facebook) Faces Class Action of $3.2-Billion Over Market Dominance

The company Facebook, which is now known as Meta, has been facing around 3.2 billion dollars calls action in the United Kingdom over the allegations that, the company has abused the dominance in the market by interfering in the personal data of around 44 million users.

Liza Lovdahl Gormsen, senior advisor to the Financial Conduct Authority (FCA) watchdog of United Kingdom said that, she had been bringing the case on behalf of the people in the United Kingdom, who had used the Facebook between the years 2015 to 2019.

The lawsuit has been alleging that the company ‘Facebook’ has made billions of pounds by imposing the unfair terms along with the conditions, which has been demanding the consumers that are surrendering the valuable personal data for the purpose of accessing the network.

The company ‘Facebook’ said that, the people has been using the services of the company because it has been delivering the value for the company as they are having a meaningful control of what kind of information the company is sharing on the platforms of Meta.

The case has come just days after Facebook has lost the antitrust lawsuit made by the FTC (Federal Trade Commission) of the United States, which has been one of the biggest challenging by the government of the United States.

Lovdahl Gornsen also said that, Facebook became the only social networks in the United Kingdom where the people can possibly be sure for connecting with the family and friends only in one place.