A New Mexico judge ordered Meta to pay $25 billion after a jury found the company misled consumers about the privacy of their data a decade ago. Judge Francis Mathew said Facebook's wrongdoing, which lasted for years, went to the heart of its core business practices. New Mexico Attorney General Raul Torrez said the ruling could be the largest verdict by a single state against the company. Meta shares still rose 1.77% to above $706.5 in the afternoon ET, and the company is likely to appeal. The case is tied to the Cambridge Analytica scandal, in which data from close to 90 million Facebook users was harvested without consent through a third-party app.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/20/2026 | 694.44 |
| Change that session | -1.56% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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