AxiosCenter·
Meta hit with $25 billion penalty for misleading Facebook users
A New Mexico judge ordered Meta to pay $25 billion in penalties Wednesday after a jury found in September that the social media giant misled users about their data privacy. Why it matters: The penalties come nearly a decade after the Cambridge Analytica scandal first broke and signal that Big Tech can face significant financial consequences for misleading users about their privacy. Driving the news: Judge Francis Mathew determined the penalty amount Wednesday, handing New Mexico a win as the on…
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