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Meta to Pay Historic $25 Billion in New Mexico Deception Case
Source: Bloomberg
Legal & LitigationCybersecurity & Data PrivacyCompany Fundamentals
Meta Platforms was ordered to pay a $25 billion civil penalty to New Mexico in a consumer-deception case stemming from the Cambridge Analytica scandal. The article describes the penalty as groundbreaking; it does not report whether Meta will appeal or how markets reacted.
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