Meta’s $25 billion legal loss just put blood in the water
Summary
A New Mexico judge recently ordered Meta to pay twenty-five billion dollars following allegations that the company deceived users regarding the Cambridge Analytica scandal. This ruling significantly exceeds a previous seventeen-billion-dollar settlement announced earlier this summer by attorneys general from across the United States.
When attorneys general from across the US announced a $17 billion settlement with Meta this summer, the sum was unprecedented. But a ruling last week by a New Mexico judge blew that number out of the water. The judge ordered Meta to pay $25 billion to resolve claims that Meta misled users around the 2018 Cambridge Analytica scandal and related…
Source: Read the full story at The Verge
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