Facebook abuses 'quasi-monopoly' on user data, EU lawmaker says

January 29, 2015 6:46 PM

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Facebook Inc. is putting profit before its users' privacy with its latest terms and conditions, according to a European Parliament lawmaker who's overseeing amendments to EU data-protection laws.

The social network company is "abusing" its "quasi- monopoly" to "process the personal data of its users to develop constantly new business models - without their consent," Jan Philipp Albrecht, a member of the German Green group, said in a statement on Thursday.

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