Meta’s $25 billion legal loss just put blood in the water
When attorneys general from across the US announced a $17 billion settlement with Meta this summer, the sum was unprecedented. But a ruling last week by a New Mexico judge blew that number out of the water. The judge ordered Meta to pay $25 billion to resolve claims that Meta misled users around the 2018 […]
Meta faces a staggering $25 billion legal loss after a New Mexico judge ruled it must pay to resolve claims it misled users about the 2018 Cambridge Analytica scandal and related incidents. Attorney generals from across the US announced a $17 billion settlement with Meta this summer, but the New Mexico ruling surpassed that amount.
The judge ordered Meta to pay the larger sum to address allegations of misleading users about data protection and content moderation. Experts suggest that states should have sought a higher settlement, but the outcome hinges on whether Meta can appeal the decision. If the ruling holds, it may encourage more states to pursue larger payouts or continue litigation against Big Tech.
For those with outstanding claims, the $25 billion order presents an opportunity to negotiate for more substantial settlements.
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