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Market Chatter: Meta Faces Class Action in Italy After Court Accepts Consumer-Group Lawsuit Over Data Scraping

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Meta Platforms (META) is facing a class action in Italy after a Milan court accepted a consumer-group lawsuit over the theft of personal data from Facebook Italy, Reuters reported Tuesday, citing a court order.

The CTCU consumer association is seeking redress on behalf of social media users in Italy who lost control over their personal data, in violation of the EU's General Data Protection Regulation, according to the report.

The data scraping incident occurred between January 2018 and September 2019 and was disclosed by Meta in 2021, impacting about 533 million Facebook users globally, Reuters cited the court order as saying.

Meta did not immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $663.36, Change: $+28.83, Percent Change: +4.54%

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