Meta Slams New Mexico Business Climate After $25 Billion Verdict
Meta claims New Mexico's business climate is impossible after $25 billion court ruling.
In brief
Meta claims New Mexico's business climate is impossible after $25 billion court ruling. Meta says New Mexico's business environment is 'all but impossible' following a $25 billion court order to pay the state's attorney general. Originally reported by Pymnts.
New Mexico sues Meta
New Mexico alleges Facebook violated state laws by misusing personal information 44 million times.
“The case brought by New Mexico alleged that Facebook violated the state’s Unfair Practices Act nearly 44 million times by misusing personal information collected through the platform”
Meta's legal officer responds
Meta's chief legal officer says business is 'all but impossible' in New Mexico after $25 billion ruling.
“This ruling, and the Attorney General’s approach to this enforcement, makes it all but impossible to do business in the state of New Mexico”
Meta's appeal confidence
Meta claims it will win on appeal against New Mexico's $25 billion verdict.
“We are confident we will prevail on appeal”
Separate settlement with states
Meta agreed to pay $16.68 billion and new youth restrictions after separate settlement with 29 states.
“Meta reached a settlement with U.S. states in which it agreed to pay as much as $16.68 billion and impose new restrictions on younger users of Facebook and Instagram”
In short
Meta says New Mexico's business environment is 'all but impossible' following a $25 billion court order to pay the state's attorney general.
