Livewire
Meta ordered to pay $25 billion penalty in New Mexico Cambridge Analytica case
The New Mexico case stems from Meta's Cambridge Analytica scandal, and Meta said it disagreed with the ruling and planned to appeal.
✓Source-backed summarySource: CNBC
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Key developments
- Meta was ordered to pay $25 billion in penalties by a New Mexico court on Wednesday.
- A jury in Santa Fe found Meta liable for misleading state citizens about how it safeguards and collects user data.
- Judge Francis Mathew said interest on the penalty shall accrue at 15% each year until it is paid in full.
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