Meta (META) Ordered to Pay $25 Billion in Landmark New Mexico Pr

A judge ordered Meta Platforms to pay $25 billion to New Mexico for violating state consumer protection laws, according to court records. A jury found 43.9 million violations of the New Mexico Unfair Practices Act, ruling 26 of 29 Meta statements as false or deceptive.

Meta ordered to pay $25B in penalties for misleading statements on data privacy, hate speech, and misinformation. The ruling stems from a 2021 case filed by New Mexico's AG, citing 43M violations of state consumer-protection law. Judge set penalty below the $219.5B theoretical max and the state's requested $35B-$40B. Meta plans to appeal.

A New Mexico judge ordered Meta Platforms (META) to pay a $25 billion penalty for violating state consumer protection laws by allowing Cambridge Analytica access to user data. This adds to Meta's existing $17 billion in liabilities from the scandal. Meta plans to appeal, citing due process concerns. The company's stock is trading at $707.83, 18.5% below its GF Value™ of $868.55, indicating moderate undervaluation.

Meta was fined $25 billion by a New Mexico judge for misleading Facebook users about privacy. The penalty relates to the 2021 Cambridge Analytica lawsuit, where 43 million violations of consumer protection laws were found. Meta plans to appeal the ruling, according to the Associated Press.

A New Mexico judge ordered Meta to pay $25 billion for deceptive practices related to the Cambridge Analytica scandal, affecting all state residents. This follows a $18 billion settlement with 48 other states. Meta disputes the verdict and plans to appeal.

Meta ordered to pay $25 billion for violating New Mexico's consumer protection laws, with a $5,000 penalty for each of 43 million violations. The judge imposed a 15% annual interest rate on the fine. The ruling follows a trial where Meta was found guilty of deceiving users about data privacy and failing to protect minors.