Innsworth is backing a new £2.3 billion case in the UK against Meta Platforms Inc., the parent company of Facebook.
The case is being brought as an opt-out collective action in the UK’s Competition Appeal Tribunal on behalf of more than 40 million consumers. It is alleged that Meta abused its market dominance to impose unfair terms and conditions on ordinary Britons giving it the power to exploit their personal data.
The case will argue that Facebook set an “unfair price’” for its UK users. The “price” set for gaining access to the social network was the surrender of UK users’ highly valuable personal data on a take it or leave it basis for using the network. In return, users only received “free” access to Facebook’s social network, and zero monetary recompense whilst Facebook generated billions in revenues from its users’ data. This unfair deal was only possible due to Facebook’s market dominance.
Leading the case as class representative is Dr. Liza Lovdahl Gormsen, the Senior Research Fellow at the British Institute of International and Comparative Law (BIICL) and the director of the Competition Law Forum.
Quinn Emanuel Urquhart & Sullivan, LLP is the law firm acting for the class representative.