Facebook faces over $3 billion lawsuit for allegedly exploiting user data

U.S.-based Facebook Inc. is facing a £2.3 billion ($3.2 billion) class-action lawsuit in the U.K. for allegedly abusing its market dominance to exploit the personal data of 44 million users, Business Today reported citing Reuters. The lawsuit accuses Facebook of imposing unfair terms and conditions that required users to surrender valuable personal data to the company to access the social media platform.