New Mexico reportedly seeks up to $40B in penalties from Meta over data privacy (META:NASDAQ)

New Mexico seeks $35B-$40B in penalties from Meta over the Cambridge Analytica scandal, citing violations of its Unfair Practices Act. A jury ruled Meta misled users about privacy and misinformation. Meta argues for a $3.45B cap, with a judge's decision pending.

New Mexico seeks $35B-$40B fine against Meta for alleged consumer protection violations, citing 43M+ law breaches. Meta argues the penalty is unconstitutionally excessive. A judge has yet to rule. The case stems from a jury finding Meta misled users on privacy and content policies, including data harvesting by Cambridge Analytica.

New Mexico is seeking up to $40 billion from Meta following a jury ruling that found the company misled consumers about Facebook's data privacy practices.

New Mexico seeks $35-$40 billion in penalties from Meta for alleged privacy violations, following a jury verdict. Meta argues the requested amount is unconstitutional and excessive, proposing a $3.45 billion cap. The judge will decide the penalty later this month.

New Mexico seeks $35-$40B penalty against Meta Platforms (META) for misleading users on Facebook data privacy, per a jury verdict. META's GF Value suggests 15.5% undervaluation, with a GF Score of 97/100. Insiders sold $259.9M shares in the past year. The case relates to the Cambridge Analytica scandal involving 87M users' data.

New Mexico seeks $35B-$40B in penalties from Meta (META) in a privacy case linked to Cambridge Analytica. META stock rose 0.4% overnight. The jury found Meta misled consumers on data privacy, misinformation, and hate speech. Meta argues the penalty should be capped at $3.45B. Shares have risen 27% last month on AI strategy enthusiasm.