Business · Companies · 58 mins ago

New Mexico judge orders Meta to pay $25 billion in privacy case

New Mexico judge orders Meta to pay $25 billion in privacy case

A New Mexico judge ordered Meta to pay $25 billion in a data privacy case.

A jury in Santa Fe found the company liable for misleading state residents about how it collects and protects user data.

The case grew out of the Cambridge Analytica scandal, in which the political consulting firm improperly accessed information from 87 million Facebook users.

The jury found more than 43 million violations of New Mexico’s unfair practices law, and the judge set the final penalty.

The judge said the company’s response after the scandal was willfully ineffective, citing repeated misstatements and failures in its investigation.

The order says 15% annual interest will accrue until the penalty is paid.

6 sources

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What people are saying

Francis MathewNew Mexico judge
Facebook’s wrongdoing – over the course of years and systematically broadcast to the public – goes to the heart of Facebook’s core business practices.
via Globe and Mail
Facebook did not conduct the comprehensive investigation that it promised
via CNBC
The lies extend beyond Facebook's data practices as well
via BBC
Randi McGinnLawyer for New Mexico
This court should speak to Meta in the only language it understands, which is money, and the value of its stock price.
via Globe and Mail