Meta has been ordered to pay a historic US$25 billion penalty to the state of New Mexico. The fine stems from a consumer deception case related to the Cambridge Analytica scandal, where Meta was accused of misleading Facebook users about its privacy practices and data handling. A judge issued the penalty after a jury found Meta violated New Mexico's consumer protection laws over 43 million times. AI
RANK_REASON Significant regulatory penalty against a major tech company related to a past data scandal. [lever_c_demoted from significant: ic=3 ai=0.1]
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- Cambridge Analytica
- Francis Mathew
- Meta
- New Mexico
- Santa Fe
- Unfair Practices Act
- US$25 billion
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