Facebook looks to block $3.7 billion collective lawsuit

U.S.-based Facebook Inc. on Jan 30. asked the Competition Appeal Tribunal in London to block a $3.7 billion mass action lawsuit over allegations that it abused its dominant position to monetize the personal data of around 45 million users in the U.K., Reuters reported. Lawyers representing its parent company, Meta Platforms Inc, said that the lawsuit wrongly assumes that any additional profits that Facebook might make equates to a financial loss suffered by individual users.