New Mexico penalizes Meta with $25B fine
The state of New Mexico has ordered Meta to pay a fine of $25 billion for violating data protection laws in the Cambridge Analytica scandal, with total damages estimated between $35 billion and $40 billion. This fine is considered one of the largest penalties ever imposed on a technology company in the United States and aims to punish Meta for exploiting data from over 43 million users to create political advertisements during the 2016 elections. The fine will be directed to support the state's education budget. This comes after several other states reached settlements with Facebook, but New Mexico has decided to pursue a separate lawsuit against the company.
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