New Mexico Seeks Up to $40 Billion Fine From Meta
JH Kim
Summary
- New Mexico is seeking fines of up to $40 billion from Meta.
- A jury found that Meta misled consumers about the privacy of Facebook users' personal data.
- The case is tied to the controversy over Cambridge Analytica's use of Facebook user data, and the final fine has not yet been determined.
Forecast Trend Report by Period
New Mexico is seeking fines of up to $40 billion from Meta Platforms Inc., Facebook's parent, after a jury found the company misled consumers in a privacy case tied to Cambridge Analytica.
Cointelegraph reported on October 2 that New Mexico is pursuing penalties of as much as $40 billion based on the jury's finding that Meta misled consumers about the privacy of Facebook users' personal data.
The case is tied to the controversy over political consulting firm Cambridge Analytica's use of Facebook user data.
New Mexico is seeking a fine of up to $40 billion. The final amount has not yet been determined.
JH Kim
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