Meta shocked by $25B fine after N.M. refused to join multistate settlement
Summary
Meta faces a record penalty of $25 billion after a jury determined the company violated state consumer protection laws tens of millions of times. The massive financial judgment was issued because New Mexico chose not to participate in a previous multi-state settlement agreement involving the tech company.
Meta must pay $25 billion to New Mexico after a jury found the tech giant guilty of nearly 44 million violations of state consumer protection laws. The largest fine to ever hit Meta came after New Mexico Attorney General Raúl Torrez declined to join an $18 billion settlement Meta reached earlier this year with attorneys general in nearly all states.…
Source: Read the full story at Ars Technica - All content
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