News · Yahoo Finance

Meta Hit With $25 Billion Penalty In New Mexico Data Privacy Case

See the full story in the original article.

Read the original on Yahoo Finance ↗

Keywords

METAregulationprivacy

Open a keyword to see other news on the same topic.

Related tickers and likely impact

META

▼ Likely negative

Meta Platforms

Relevance: high

MarketUS stocks
SectorCommunication Services
IndustryInteractive Media & Services
Market cap$1.9T
Close on 10/20/2026694.44
Change that session-1.56%
META price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Meta ordered to pay record $25 billion for misleading users on privacyYahoo Finance·▼ METAMETAregulationprivacy
  • Meta forced to pay $25 billion penalty to New Mexico over Facebook privacy scandal

    A judge ordered Meta to pay $25 billion to New Mexico after a jury found the company liable for misleading users about privacy and content moderation policies on Facebook. State Attorney General Raúl Torrez called it “one of the largest, if not the single largest state verdict against a company in American history,” while the state had originally sought $35 billion to $40 billion and Meta argued it should pay no more than $3.4 billion. Jurors had found Meta liable for over 43 million violations of New Mexico consumer protection laws, tied to Cambridge Analytica’s harvesting of data from roughly 87 million profiles for targeted political ads. The money will go to a state education fund, and interest will accrue during an appeal, though the number of violations could be reduced. Forty-eight other states settled with Facebook for $18 billion, while New Mexico pursued its own case.

    Yahoo Finance·▼ METAMETAprivacyregulation
  • Meta Platforms ordered to pay $25 billion in New Mexico consumer data protection case

    A New Mexico judge ordered Meta Platforms to pay $25 billion after a jury found the company misled consumers about its data privacy practices, tied to millions of Facebook users' data obtained without consent. The jury found 26 of 29 Meta statements misleading and more than 43 million violations of state consumer protection law, which allows up to $5,000 per violation; the judge said a penalty above $219 billion was warranted but reduced it to $25 billion. That is below the $35 billion to $40 billion the state sought and well above Meta's proposed cap of $3.45 billion. This is the second Santa Fe jury verdict against Meta in six months, following a March trial that brought $375 million in penalties.

    livemint.com·▼ METAMETAregulationdata privacy
  • Meta Reportedly Hit With $25B Penalty in New Mexico Over Cambridge Analytica Deception

    A New Mexico state judge ordered Meta Platforms to pay $25 billion for deceiving users about data privacy and content moderation following the Cambridge Analytica scandal. The ruling follows a September jury trial in which jurors found more than 43 million separate violations of state consumer protection laws. New Mexico was the only state to take the case to a full jury trial, declining to join an $18 billion multi-state settlement that 48 other states signed in August. Meta said it plans to challenge the decision, arguing state consumer laws should not apply to New Mexico residents who were not active users during the relevant period. State leaders said all proceeds will go to a dedicated public education fund.

    Yahoo Finance·▼ METAMETAregulationdata privacy
  • Judge orders Meta to pay $25 bn to New Mexico in Cambridge Analytica case

    A New Mexico judge ruled that Meta must pay the state $25 billion in the Cambridge Analytica case, after a jury last month found the company had deceived users. The penalty comes a couple of months after Meta agreed to pay $18 billion to settle claims brought by 48 other states. Cambridge Analytica improperly harvested personal data from millions of Facebook users for targeted political advertising, including through a personality quiz app that reached roughly 87 million users worldwide. Jurors found the misconduct affected all of the state's more than 2.1 million residents. Meta said it disagreed with the verdict and would keep defending itself.

    Yahoo Finance·▼ METAMETACambridge Analyticaregulation
  • Meta ordered to pay $25 billion penalty in New Mexico Cambridge Analytica case

    A New Mexico court ordered Meta to pay $25 billion in penalties in a data privacy case tied to the Cambridge Analytica scandal. A Santa Fe jury found in September that Meta misled state residents about how it collects and protects user data and curbs harmful content, with more than 43 million violations of the state's unfair practices act. Judge Francis Mathew applied the highest allowed penalty of $5,000 per violation; the filing shows the state was initially awarded $219.5 billion, but the penalty was reduced to $25 billion, and interest of 15% a year will accrue until it is paid in full. Earlier, Meta settled many Cambridge Analytica-related privacy suits in a nearly $17 billion August deal with a coalition of state attorneys general over child safety and mental health, but New Mexico did not take part and proceeded to trial.

    CNBC·▼ METAMETACambridge Analyticadata privacy

Related markets

US stocks →

Latest news

  • Meta’s (NASDAQ:META) Q3 2026 sales top estimates, quarterly revenue guidance slightly exceeds expectations

    Meta Platforms (NASDAQ: META) reported Q3 revenue of $64.6 billion, up 26.1% year on year and about 2% above estimates. Revenue guidance for the Q4 midpoint is $74.5 billion, 1.2% above analyst expectations. GAAP EPS of $3.83 was 29.9% below consensus, due to a $9.89 billion charge tied to an agreement with 52 attorneys general to resolve teen mental health litigation, with payments of up to about $18.59 billion; excluding it, EPS would have been $7.40. Operating margin fell to 20.1% from 40.1%, and free cash flow was -$2.12 billion. Daily active people reached 3.64 billion, up 100 million year on year.

    Yahoo Finance·▲ METAMETAearningstech stocks
  • A SpaceX-Tesla megamerger could benefit both companies and Elon Musk's personal fortune

    SpaceX shares rose 8% and Tesla 3.5% after Elon Musk said each company had formed special committees to discuss a possible combination. At current market values, the merged company would be worth about $3.5 trillion, the largest deal ever, and Musk argues it makes sense because both businesses rely heavily on artificial intelligence. Musk owns 11% of SpaceX and 19% of Tesla, and a change-in-control provision in Tesla's pay plan could treat many performance targets as met in a merger, which would make him richer. Although the shares are very expensive by most measures, most analysts still call them a bargain, and many work for banks hoping to win Musk's business. Democrats have called for investigations into SpaceX's federal contracts and could scuttle plans if they win big in next month's midterm elections.

    Yahoo Finance·▲ TSLATSLAmergers and acquisitionsElon Musk
  • Netflix Is Down 38% Since Completing Its 10-For-1 Stock Split. Here's Why the Sell-Off Is Worsening After Its Latest Earnings.

    Netflix shares are down 37.9% since the 10-for-1 stock split was completed on November 17, 2025, as of the October 20 close. After its third-quarter 2026 report, the stock fell 5.9% to $64.62 in after-hours trading, which would mark a new two-year low. Revenue rose 11.8% year over year, and operating margin widened from 28.2% to 34.6%, but the company now expects $2.7 billion in full-year ad revenue, down from $3 billion, due to a slower rollout of ad product capabilities. Its 2026 revenue forecast of $51.1 billion sits 0.2% below the prior midpoint, and the article also points to competition from YouTube, a third price increase in under three years, and a valuation of 17 times 2027 earnings. Netflix ended the quarter with $8.19 billion in cash against $12.66 billion in long-term debt.

    Yahoo Finance·Netflixearningsvaluation
  • Where Will Novo Stock Be in 10 Years?

    Novo, a Denmark-based pharmaceutical company, reached an all-time high in 2024 but has since faced clinical and commercial setbacks and lost substantial market value over the past two years. Its diabetes products, including Ozempic and Rybelsus, and its obesity drug Wegovy remain core, but U.S. patents on the active ingredient in these drugs expire in 2032, potentially opening the door to cheaper generics. Near-term catalysts include CagriSema, which could be approved by year-end and combines semaglutide with cagrilintide, though it fell short of the 25% mean weight loss Novo had hoped for. The pipeline also includes amycretin, UBT251, and several oral weight loss candidates. The author sees the pipeline as deep but warns of rising competition from dozens of weight-loss drugs, slower market growth, and possible U.S. drug price negotiations.

    Yahoo Finance·pharmaceuticalsNovo Nordiskvaluation
  • NextEra Energy ( NEE ) Q3 2026 Earnings Call Transcript

    NextEra Energy reported third-quarter adjusted earnings per share of $1.24, up 9.7% year over year. Florida Power & Light's net income reached $1.62 billion, versus $1.463 billion a year earlier, while adjusted earnings at NextEra Energy Resources rose 13% to $1.247 billion. The renewables and storage backlog reached 36.7 gigawatts, and FPL raised its large load target to 8 gigawatts by 2032. Shareholders have approved the pending combination with Dominion Energy, with state regulatory reviews expected to conclude in early 2027. Management maintained its 2026 adjusted earnings guidance and is targeting the high end of the range, even though wind generation in Q4 is projected to fall to 90% to 95% of the long-term average due to El Niño.

    aol.com·NextEra Energyearningselectricity
  • Amazon logistics automation offers long-term margin gains, Jefferies says

    Jefferies says Amazon's warehouse automation and expanding logistics network could lift retail margins long term by reducing labour dependence. Amazon has deployed over 1 million robots, but only 40% to 45% of its US small-sortable fulfillment centers are highly automated, leaving room for growth. A US$1 hourly wage rise would add about US$1.1 billion to costs, and Amazon has around US$27 billion of visible capex planned for automation and delivery. Jefferies sees third-party parcel delivery as a growth area, with US delivery stations possibly growing from about 575 to 950 by 2030 and early trials showing 20% to 25% savings for shippers. Grocery is harder given US$10 to US$12 delivery cost per order, though the broker sees potential in Amazon's planned Illinois hybrid retail concept expected in 2028.

    Yahoo Finance·▲ AMZNAMZNretailsupply chain

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.