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Facebook won the appeal against the anti-robocall lawsuit

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Miguel A. Rodriguez
Miguel A. Rodriguez
02 April 2021
The US Supreme Court sided with Facebook on the 2015 lawsuit for violating the anti-robocall act

The US Supreme Court barred the proposed class action against Facebook for violating the federal anti-robocall law.

The lawsuit was filed in 2015 in California by a Montana resident, Noah Duguid. According to the person in question, Facebook sent many automatic text messages without his consent. He accused Facebook of violating the Telephone Consumer Protection Act (TCPA), the 1991 law meant to curb telemarketing abuse by banning the majority of unauthorized robocalls.

In a unanimous decision, the Supreme Court was on Facebook’s side in its appeal. It ruled that the company’s actions did not fit with the definition of the 1991 TCPA, which was enforced before modern cellphone technology.

Following the news, Facebook stock price closed 1.40% higher.

Sources: businessinsider.com, reuters.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.