A New Mexico judge ordered Meta, Facebook's parent company, to pay $25 billion for misleading users about how it collects and protects their data, one of the largest penalties ever against Meta or any company. New Mexico sued in 2021 after revelations that a U.K. political consulting firm harvested millions of Facebook users' data without consent. In September a jury found Meta committed 43 million violations of state consumer protection laws through false or misleading statements on privacy and efforts to combat misinformation and hate speech, with penalties of up to $5,000 per willful violation. Meta said it plans to appeal, and its chief legal officer, C.J. Mahoney, called the case an attempt to impose a tax on speech.
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META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/21/2026 | 698.43 |
| Change that session | +0.60% |
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