Why does Meta have to pay a $25 billion penalty? | Explained
The $25 billion penalty is the largest fine Meta has ever faced for its conduct, and represents a tremendous victory for the U.S. state of New Mexico — even if it is symbolic
Why does Meta have to pay a $25 billion penalty? | Explained
Meta, the parent company of Facebook, faces a jaw-dropping $25 billion penalty from the U.S. state of New Mexico. This is the largest fine ever levied against the social media giant for its conduct, marking a significant win for New Mexico despite its symbolic impact. The $25 billion fine comes after Meta allegedly violated New Mexico's Unfair Practices Act through numerous, willful infractions spanning from 2010 to 2021.
Written by urgent.news from The Hindu - Sci-Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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