A New Mexico court ordered Meta to pay a $25 billion penalty in a data privacy case stemming from the Cambridge Analytica scandal. In September, a jury found Meta liable for misleading state residents about how it collects and safeguards their data and prevents harmful information from spreading on its services. The jury identified more than 43 million violations of the state’s unfair practices act, each carrying a civil penalty of up to $5,000. The judge initially set the award at $219.5 billion before reducing it to $25 billion, while Meta disputes the ruling and plans to appeal.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
