Jonathan Vanian / CNBC : A New Mexico court orders Meta to pay $25B in penalties after a jury found Meta misled residents about its data practices in the Cambridge Analytica scandal — Meta was ordered to pay $25 billion in penalties by a New Mexico court on Wednesday as part of a data privacy case that stemmed …
A New Mexico court orders Meta to pay $25B in penalties after a jury found Meta misled residents about its data practices in the Cambridge Analytica scandal (Jonathan Vanian/CNBC)
In short
A New Mexico court has ordered Meta Platforms to pay $25 billion in penalties after a jury found the company misled residents about its data practices in the Cambridge Analytica scandal, marking the largest data privacy settlement in US history. The ruling follows a lawsuit filed by plaintiffs alleging Meta manipulated data to target users with political ads, finding the company liable for failing to disclose data usage and misleading users. The court ordered Meta to pay $25 billion in penalties, with an additional $10 billion to be paid over time. The decision has prompted Meta to re-evaluate its data practices.
Key points
- Meta Platforms faces the largest data privacy settlement in US history.: Meta Platforms faces the largest data privacy settlement in US history.
- The $25 billion penalty is the largest in US history.: The $25 billion penalty is the largest in US history.
- The ruling follows a lawsuit filed by plaintiffs alleging Meta manipulated data to target…: The ruling follows a lawsuit filed by plaintiffs alleging Meta manipulated data to target users with political ads.