A New Mexico judge ordered Meta to pay $25bn in penalties after a jury found the company misled consumers about the privacy of their personal data. The 2021 case followed revelations that Cambridge Analytica had collected information from as many as 87 million Facebook users through a third-party app without their knowledge. The judge said state law could support a penalty above $219bn but reduced it to $25bn, below the $35bn–$40bn the state had sought. Meta, which had argued for a cap of $3.45bn, said it is confident of prevailing on appeal. Separately, Meta reported third-quarter 2026 revenue of $64.6bn, up 26%, and net income of $9.86bn, up 264%, although a $9.89bn charge tied to a teen mental health settlement drove total costs up 68%.
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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 10/21/2026 | 698.43 |
| Change that session | +0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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