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Meta must pay $25B in New Mexico case
A New Mexico judge ordered Meta to pay $25 billion for misleading users about its privacy practices related to the Cambridge Analytica scandal. The ruling found that Meta systematically deceived users about their data control and violated state laws, with the company planning to appeal. Despite legal challenges, Meta reported lower quarterly profits mainly due to an $18 billion settlement, and ongoing legal matters continue to impact its financial outlook.
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