Will Meta's $25 Billion Court Loss Change Its Ways? (Spoiler: Probably Not) - CNET
Meta was hit with a $25 billion penalty on Wednesday when a judge in New Mexico found the company had misled users about data privacy practices. The decision marks one of the steepest corporate payouts ever levied against a technology company.
Under the ruling, Meta, which owns Facebook, Instagram and other platforms and services, was ordered to pay the fee for misleading social media consumers about their data privacy in a case dating back to Cambridge Analytica’s privacy violations involving the 2016 presidential election. The ruling against Meta imposed civil penalties for violating New Mexico’s Unfair Practices Act after a jury trial found Facebook liable for nearly 44 million violations of that law.
Meta could appeal the verdict; it was unsuccessful in its filings to cap its penalties at $3.45 billion. It could have been worse for the company. Some estimates had suggested it could have been hit with $219...
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