Meta Ordered to Pay $25 Billion Penalty in New Mexico Data Privacy Case

A New Mexico judge has ordered Meta to pay $25 billion in penalties following a jury finding that the company misled state citizens regarding user data safeguards and collection practices. The ruling stems from litigation related to the Cambridge Analytica scandal, where a jury determined Meta committed over 43 million violations of the state's unfair practices act. While the state was initially awarded $219.5 billion, the final penalty was reduced to $25 billion by the judge. This specific case proceeded to trial because New Mexico was not part of a previous $17 billion multi-state settlement involving other attorneys general. The massive fine represents one of the most significant legal setbacks for Meta regarding its historical data handling practices.

By Jonathan Vanian · CNBC ·

Meta Ordered to Pay $25 Billion Penalty in New Mexico Data Privacy Case

Tickers: $META

Topics: Cambridge Analytica Court Ruling Data Privacy Regulatory Fines

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Part of the story New Mexico Judge Orders Meta to Pay $25 Billion Over Data Privacy Violations (6 articles)

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