Meta shocked by $25B fine after N.M. refused to join multistate settlement
Summary
A New Mexico jury found Meta guilty of nearly 44 million violations of state consumer protection laws and fined the company $25 billion. This is the largest penalty ever against Meta, following the state’s refusal to join a smaller $18 billion multistate settlement with other states.Key Facts
- Meta was fined $25 billion by New Mexico for violating consumer protection laws.
- The violations covered more than 11 years and involved misleading users about data control, misuse by third parties, misinformation, and hate speech.
- New Mexico Attorney General Raúl Torrez declined to join an $18 billion settlement agreed by most other states.
- The judge said Meta’s actions were willful and involved repeated deception since 2010.
- Meta expected a fine closer to $3.4 billion and plans to appeal the $25 billion penalty.
- The FTC previously settled with Meta for $5 billion over the Cambridge Analytica scandal.
- The court noted that past penalties had not stopped Meta from deceptive practices.
- The fine aims to influence Meta to respect user privacy and avoid misleading consumers.
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