Meta Misled New Mexico Consumers, Jury Finds, But Shares Hold Firm

A jury found Meta liable for misleading users about data privacy in a case tied to Cambridge Analytica. The scandal involved improper data harvesting from 87 million Facebook users. Meta disputes the verdict, and penalties may reach billions. New Mexico seeks $5,000 per violation, following a prior $942M judgment.

Meta Platforms Inc. lost a $219 billion verdict in New Mexico for deceptive practices, with the jury finding 43 million violations. The potential fine is 1.09 times Meta's 2025 revenue. Meta's stock fell 3.33% following the news. The case relates to data privacy and public statements about the Cambridge Analytica scandal. Meta plans to appeal, citing First Amendment rights.

A jury found Meta's statements about data handling, hate speech, and misinformation deceptive 43.9 million times, violating New Mexico's Unfair Practices Act. The case could cost Meta up to $219.5 billion. Separately, UK publisher Digitalbox reported a 7% revenue decline due to an unannounced Facebook algorithm change, with reach falling up to 75%.

A New Mexico jury found Meta liable for misleading users about privacy in a case tied to the Cambridge Analytica scandal. The scandal involved improper data collection of 87 million Facebook users for political advertising. Meta knew of the issue in 2015 but did not disclose it until 2018.

A New Mexico jury found Meta liable for 43 million violations of state consumer protection laws, stemming from a decade-old case involving data misuse by Cambridge Analytica. The state previously won two trials against Meta, securing $942 million in judgments. Meta could face up to $219 billion in penalties, but the final amount will be determined by the judge.

A Santa Fe jury found Meta Inc. committed 43 million violations of New Mexico's Unfair Practices Act, citing false statements about data handling and content moderation. The state seeks $5,000 per violation, potentially totaling $219 billion. Meta plans to appeal, disputing the verdict and emphasizing its commitment to free speech and data protection.