In almost every contract you enter into as a consumer, there is an arbitration clause. Look at your cell phone contract or your checking account $($including ATM$)$ contract and you will probably find an arbitration agreement. Meta's terms of service include the following: ARBITRATION NOTICE: YOU AGREE THAT DISPUTES BETWEEN YOU AND US WILL BE RESOLVED BY BINDING, INDIVIDUAL ARBITRATION AND YOU WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS$-$WIDE ARBITRATION. WE EXPLAIN SOME EXCEPTIONS AND HOW YOU CAN OPT OUT OF ARBITRATION BELOW.

By simply clicking on the service, you have waived your right to a judicial trial of any dispute you may have against Meta.

What do you see as the pros and cons of these arbitration clauses?