From HuffPost · · 1m 30s
Meta Ordered $25 Billion Payment for New Mexico Privacy Deception
Meta faces $25 billion penalty after jury rules it deceived New Mexico users on privacy policies.
In brief
Meta faces $25 billion penalty after jury rules it deceived New Mexico users on privacy policies. Meta must pay New Mexico $25 billion for misleading users about privacy and content moderation policies. Originally reported by HuffPost.
New Mexico jury rules Meta liable
A jury found Meta responsible for deceiving New Mexico users about privacy and content moderation policies on Facebook.
“one of the largest, if not the single largest state verdict against a company in american history”
State attorney general calls it a warning
New Mexico's attorney general described the $25 billion judgment as a warning for tech companies and a signal to Silicon Valley.
“this judgment should be a signal, an unambiguous message, to silicon valley”
Money tied to education spending
The penalty will fund New Mexico's education system for the next 100 years, with potential delays if Meta appeals.
“we may have paid for the construction of schools for the next 100 years”
Meta plans to appeal the verdict
Meta previously stated it would appeal the September verdict, but its shares rose 2% after the penalty announcement.
“the menlo park, california-based company was scheduled to report its quarterly earnings wednesday afternoon”
New Mexico pursued trial alone
New Mexico was the only state to take Meta to court after 48 other states settled with Facebook for $18 billion.
“forty eight other states signed a settlement for eighteen billion in august”
State sought $35-40 billion penalty
New Mexico attorneys argued for $35 billion to $40 billion to force Meta to change its practices.
“attorneys for new mexico had sought thirty five billion to forty billion”
Meta argued for $3.4 billion
Meta's lawyers claimed $3.4 billion was the maximum penalty without violating due process or constitutional standards.
“an award ten times that or even more would violate due process”
Jury found 43 million violations
Jurors determined Meta violated New Mexico consumer protection laws 43 million times related to the Cambridge Analytica data breach.
“jurors found facebook liable for over forty three million violations of state law”
Here's the gist
Meta must pay New Mexico $25 billion for misleading users about privacy and content moderation policies.
