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.
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META
▼ Likely negativeMeta 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% |
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