New Mexico judge orders Meta to pay $25B in Cambridge Analytica privacy penalties after jury verdict; Meta to appeal

A New Mexico judge ruled that Meta must pay $25 billion in penalties after a jury found the company misled consumers about privacy in the Cambridge Analytica scandal, one of the largest penalties ever levied against the tech giant. The state had sought up to $40 billion. Meta plans to appeal, with interest accruing during the appeal; the state's attorney general said the ruling sends a message to other tech companies.

Detected & updated continuously · Source: Nebula

Story subjects

Track sentiment and mindshare across stocks and crypto in Nebula.

Open Nebula