A competition legal expert, backed by a powerful litigation fund, is set to mount a multibillion-dollar class action suit against Facebook/Meta for breach of competition law on the basis that it abused its dominance of social networking in the U.K. for several years. If successful, the action would see Facebook having to pay $3.1 billion (£2.3 billion) in damages to Facebook U.K. users.
The class action lawsuit was lodged against Meta, Facebook’s parent company, yesterday with the U.K.’s Competition Appeal Tribunal in London.
The unusual approach claims Facebook should pay its 44 million U.K. users compensation for the exploitation of their data between 2015 and 2019. Effectively, …
