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EU dismisses class action lawsuit against Facebook

The European Union voted in favor of Facebook on Thursday, arguing that Austrian privacy activist Max Schrems could not bring a class action lawsuit against the tech giant for what he claimed were data privacy violations under EU law. The court also ruled that Schrems can bring a case against Facebook Ireland as an individual.

Why it matters: Facebook has been criticized and fined for data privacy practices in Europe. In an effort to be more transparent, Facebook COO Sheryl Sandberg said the company would give users the ability to manage their own data ahead of Europe's sweeping data privacy regulations going into effect this May.