A judge on Wednesday ordered Meta to pay New Mexico $25 billion after a jury found the company liable for deceiving users about privacy and content moderation policies on Facebook.
Judge Francis Mathew handed down the amount, which state Attorney General Raúl Torrez described as "one of the largest, if not the single largest state verdict against a company in American history.”
Torrez said the verdict should be a warning for tech companies and that New Mexico would continue to hold them accountable.
… and recouped the fine (and more) in AH trading following their earnings call. They’re doing a cap raise by issuing new (non-voting) shares. Zuck is diluting FB/META stock to pay his California Tax Bill. Fuck Zuck. Fuck Meta. Fuck the slop bubble.