Meta Platforms is facing a mass action brought on behalf of around 45 million Facebook users in Britain
Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to £3-billion over allegations the social media giant abused its dominant position to monetize users’ personal data., the parent company of the Facebook group, is facing a mass action brought on behalf of around 45 million Facebook users in Britain.
Her lawyers said users should get compensation for the economic value they would have received if Facebook was not in a dominant position in the market for social networks. Lovdahl Gormsen’s lawyers on Monday asked the Competition Appeal Tribunal to certify the case under the UK’s collective proceedings regime – which is roughly equivalent to the class action regime in the United States.
Ronit Kreisberger, representing Lovdahl Gormsen, told the tribunal that “Meta’s data practices violate the prohibition on abusive conduct by dominant firms”.But lawyers representing Meta said the lawsuit wrongly assumes that any “excess profits” it might make equates to a financial loss suffered by individual Facebook users.
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