Meta Has Charged For Market Dominance And Unfair Price
Meta has faced a billion-pound class-action case due to setting an “unfair price” for the free use of users’ data. However, the company representative claimed that users had “meaningful control” over the shared information.
Recently Dr. Liza Lovdahl Gormsen alleges Meta for market dominance by imposing unfair prices. It is thought that 44 million UK Facebook users could share £2.3bn in damages. Dr. Liza intends to sue the parent company, Meta. Now the case is under the Competition Appeal Tribunal.
Dr. Lovdahl Gormsen said that Meta is earning ‘Excessive profits’ by dominating the market. Dr. Gormsen said, “Facebook abused its market dominance to impose unfair terms and conditions on ordinary Britons, giving it the power to exploit their data.”
Last year same allegation was charged against Google for illegal tracking of millions of iPhones. The case claimed billions of pounds in damages from Google. But the UK’s Supreme Court rejected the case. At that time, Google mentioned that the issue had been solved a decade ago. The claimant also failed to prove the damage had been caused by the data collection.
However, Dr. Lovdahl Gormsen said, “As a result, my case can claim damages on behalf of the 44 million British Facebook users affected.”
A representative from Meta said, “People access our service for free. 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 whom. We have invested heavily to create tools that allow them to do so.”