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Meta gets slapped with a massive $25 bn fine

A judge on Wednesday ordered Meta to pay New Mexico $25 billion after a jury found the company liable for deceiving users about privacy and content moderation policies on Facebook.Judge Francis Mathew handed down the amount. The state had sought $35 billion to $40 billion.Jurors in September found Meta liable for over 43 million violations of New Mexico consumer protection laws when a political consulting firm, Cambridge Analytica, harvested Facebook user data to generate targeted political ads…

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Economic TimesLean R·1h ago
Meta gets slapped with a massive $25 bn fine
A judge on Wednesday ordered Meta to pay New Mexico $25 billion after a jury found the company liable for deceiving users about privacy and content moderation policies on Facebook.Judge Francis Mathew handed down the amount. The state had sought $35 billion to $40 billion.Jurors in September found Meta liable for over 43 million violations of New Mexico consumer protection laws when a political consulting firm, Cambridge Analytica, harvested Facebook user data to generate targeted political ads…
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Meta gets slapped with a massive $25 bn fine

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Meta gets slapped with a massive $25 bn fine

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