Meta Ordered to Pay $25B — Largest State Verdict in US History
A New Mexico judge has ordered Meta to pay $25 billion in penalties stemming from the Cambridge Analytica data privacy case, in what the state's AG calls possibly the largest state verdict against a company in American history.
What we know
Multiple sources broke the news simultaneously. A Santa Fe judge set the $25B penalty after a jury found Meta misled consumers about how it safeguards their privacy in connection with the Cambridge Analytica scandal, per *Walter Bloomberg* (303 likes, 87K views), an account on X, Kobeissi Letter, and another account on X. The ruling was sourced from AP and CNBC. StockMarket.News noted New Mexico's AG described it as 'possibly the largest state verdict against a company in American history.'
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.