New Mexico Seeks Up to $40 Billion Penalty from Meta

New Mexico authorities are asking a judge to impose $35 billion to $40 billion in penalties against Meta following a jury verdict regarding the Cambridge Analytica scandal. Jurors previously found Meta misled residents regarding data privacy and misinformation, identifying 43 million violations of state consumer protection laws.

State attorney Randi McGinn argued that financial penalties must be significant enough to impact Meta’s stock price and behavior. Meta, which requested the court cap penalties at $3.45 billion, contends the state failed to prove residents were misled. A final judicial decision is expected later this month.

Editor's note: The draft accurately summarizes the penalty dispute and the context of the jury verdict.

This article is AI-generated and fact-gated. Original reporting: Engadget