Meta ordered to pay New Mexico $25 billion over Cambridge Analytica breach

Meta (META) was ordered to pay $25B by a New Mexico judge for violating consumer protection laws by allowing Cambridge Analytica access to user data, according to the jury's findings.

Meta (formerly Facebook) was fined $25bn by a federal judge in New Mexico for allegedly misleading the public about user data privacy, violating state laws. The judge cited internal communications, including those involving Mark Zuckerberg, as evidence. The fine is part of a larger $219bn penalty, reduced from the original amount. Meta has faced multiple lawsuits and settlements this year.

A New Mexico jury found Meta guilty of 43 million violations related to the Cambridge Analytica data scandal, exposing the company to a maximum penalty of $219 billion. The judge reduced the penalty to $25 billion. The case involved data collection through a Facebook quiz and its transfer to Cambridge Analytica, affecting 350,000 New Mexicans.

A judge ordered Meta Platforms to pay $25 billion to New Mexico for violating state consumer protection laws. A jury found 26 of 29 statements by Meta were false or deceptive, affecting users' data control and content moderation.

Meta (META) was ordered to pay $25 billion in a data privacy case related to the Cambridge Analytica scandal. A New Mexico court ruled that the company violated the state's Unfair Practices Act 43 million times, with potential penalties of $5,000 per violation. Meta's stock is currently undervalued by 18.4% according to GuruFocus, with a GF Score of 99/100.

A judge ordered Meta to pay New Mexico a $25 billion civil penalty after a jury found the company misled users about data privacy, according to NBC News.