Meta Ordered to Pay $25 Billion in New Mexico Data Privacy Ruling
A judge has ordered Meta to pay $25 billion to the state of New Mexico following a jury's finding that the company violated consumer protection laws 43 million times. The ruling stems from the long-running fallout of the Cambridge Analytica scandal, specifically regarding how Meta handled third-party app data and its transparency concerning user privacy practices. The massive penalty is calculated based on $5,000 per violation identified during a two-week trial. New Mexico Attorney General Raúl Torrez noted that the settlement amount is significant enough to fund state schools for decades. Meta has announced its intention to appeal the decision, with Chief Legal Officer C.J. Mahoney arguing that the ruling imposes an impossible business environment and acts as a 'tax on speech.'
Tickers: $META
Topics: Cambridge Analytica Consumer Protection Data Privacy Litigation
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Part of the story New Mexico Judge Orders Meta to Pay $25 Billion Over Data Privacy Violations (6 articles)