Facebook Hit With Huge $4.3 Billion Lawsuit
A British expert in competition law has filed a class-action lawsuit against Facebook on behalf of the social network’s 44 million UK users.
Dr. Liza Lovdahl Gormsen filed the legal action with the UK Competition Appeal Tribunal in London, accusing Facebook of exploiting the personal data of its users.
This is nothing new for the social media platform, as they currently face numerous similar suits.
“People access our service for free,” Meta said in a statement.
“They choose our services because we deliver value for them and they have meaningful control of what information they share on Meta’s platforms and who with. We have invested heavily to create tools that allow them to do so.”
Gormsen’s suit asks for US$3.1 billion in damages, roughly US$70 per user.
“In a free and fair market, competition should lead to lower prices and increased quality,” Gormsen said.
“But the bigger a company is in the market, the less choice we have, no matter what else they’re doing. Facebook has exploited its dominance at its users’ cost.”