States agreed to ‘fully, finally, and forever’ release Meta from claims they didn’t know existed — with $459 million for Cambridge Analytica claims

Share

Meta agreed to pay $25 billion to New Mexico for deceiving users and regulators about its data privacy practices and its response to the Cambridge Analytica scandal. The penalty concerns Facebook’s misleading statements, rather than the alleged political harm caused by the exploitation of the harvested data. As part of a roughly $17 billion multistate settlement reached in August 2026, $459.3 million was allocated to Cambridge Analytica-related claims, while participating states released Meta from all known and unknown claims. New Mexico opted out of the settlement and secured the largest privacy penalty in American history, but the consequences of voter profiling and the exploitation of people’s psychological vulnerabilities remain largely unaccounted for.

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
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items