UK tribunal green-lights $2.7B Facebook collective action antitrust lawsuit

As Meta faces off with antitrust regulators in the U.S. and Europe, a £2.1 billion+ Facebook U.K. class action-style competition lawsuit, which takes Meta’s market dominance as a given, is moving ahead after the social media giant lost a bid to have the litigation thrown out. The suit is seeking damages worth a minimum of some $2.7B at current exchange rates.Dr Liza Lovdahl Gormsen, a competition law expert, is suing the parent company of Facebook, Instagram and WhatsApp over claims that it exploited U.K. u ...