Meta Given $25 Billion New Mexico Penalty Over Facebook Privacy Claims
Photo: iGaming.org
A New Mexico judge has ordered Meta to pay $25 billion for misleading Facebook users about their personal information. The company plans to appeal the October 21 ruling. Good To Know The penalty is five times the $5 billion FTC fine imposed in 2019. Any money collected will support public education rather than individual payouts. The order includes 15% annual interest until payment. District Judge Francis Mathew set the penalty below the $35 billion to $40 billion sought by New Mexico. Meta had argued for a maximum of $3.45 billion, saying the state had not demonstrated consumer harm.
Source: iGaming.org
