Meta shocked by $25B fine after N.M. refused to join multistate settlement
Meta will appeal a ruling imposing the largest fine Mark Zuckerberg has ever seen.
Meta will appeal a ruling imposing the largest fine Mark Zuckerberg has ever seen.
The short version
- 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.
- In his opinion Wednesday, US district court judge Francis J.
What happened
The entire state of 2 million people were harmed by Meta’s conduct, Torrez argued, and it seemed dubious that Meta would make meaningful changes unless the penalty impacted Meta’s stock price. To Mathew, it seemed that Meta made a choice to avoid transparency with users in a bid to capitalize on data they didn’t realize they were sharing and better compete with one of its main rivals, the platform then known as Twitter.
Why it matters
Ars Technica says meta shocked by $25b fine after n.m. refused to join multistate settlement is the central development readers should understand.
Summary by Nerd News Network. Read the full article at Ars Technica via the links above and below.