RightSignal
11 of 13

Your RightSignal

Policy2 min

New Mexico court orders Meta to pay $25B over its data practices

A New Mexico judge ordered Meta to pay $25 billion in penalties for more than 43 million violations of the state's unfair practices law. In September, a jury found that Meta misled residents about how it protects and collects user data, in a case that grew out of the Cambridge Analytica scandal. The state was awarded $219.5 billion, but the penalty was cut to $25 billion. Interest of 15% a year builds until it is paid. Meta says it is confident it will win on appeal.

Why it matters: It is a very large penalty under a single state's law. Meta will appeal, so the final amount may change.
Court orderCNBC