Meta Platforms, Facebook face GBP 2.3 billion lawsuit for exploiting personal data in the UK

Meta Platforms, Facebook's parent company, is now facing a huge lawsuit in the United Kingdom for allegations of exploiting customers' personal data.

Another data privacy-related lawsuit against Facebook?

Facebook to fight a GBP 2.3 billion lawsuit in the UK

The lawsuit is worth GBP 2.3 billion and is for Facebook allegedly abusing its market position to gather and exploit the personal data of 44 million people. Liza Lovdahl-Gormsen, a Senior Adviser with Britain's Financial Conduct Authority, is filing the case on behalf of all British people who used Facebook between 2015 and 2019.

According to the allegations, Facebook made billions of GBP by imposing unreasonable terms and conditions on users, forcing them to hand up sensitive personal information.

The FCA claimed that yes, Facebook is the sole social network in the UK to connect with friends and family it comes with a lot of privacy risks. Facebook Pixel is the tool that allows marketers to observe their consumers' behavior and was used to harvest personal data on the network.

What do you guys think?

Source: Reuters