A New Mexico judge has ordered Meta to pay $25 billion for violating consumer protection laws related to the Cambridge Analytica data scandal. The jury found Meta committed 43 million violations, each carrying a $5,000 penalty, for misleading users about data privacy and handling of third-party apps. This is Meta's largest payout yet in connection to the scandal, which involved misuse of Facebook user data. Meta plans to appeal, arguing the ruling threatens free speech and business operations in New Mexico.
Meta Platforms shares are trading at USD 702.30 on Pluang as of Oct 22, 2026 02:51 WIB, which is closer to its 52-week high of USD 777.59 than its low of USD 525.72. Despite the recent $25 billion penalty ruling, the stock has gained 1.16% in the last day and sees a majority of buy orders at 68%. This suggests that investors on Pluang remain relatively optimistic about Meta's prospects even after the legal setback.
A New Mexico judge has ordered Meta Platforms to pay $25 billion after a jury found the company misled consumers about data privacy. The case stems from allegations that Cambridge Analytica, a political consulting firm linked to Donald Trump's 2016 c...
Meta was ordered by a New Mexico court to pay $25 billion for misleading users about data privacy in the Cambridge Analytica scandal. The jury found Meta liable for over 43 million violations of the state's unfair practices act, with each violation c...
Meta is rumored to be planning a new stock issuance to finance its massive $145 billion AI infrastructure expansion, despite investor concerns about the risks involved. The company has so far avoided dilution by funding AI growth through debt, but sh...
Investors are growing cautious about the financial risks tied to the artificial intelligence boom, particularly as Meta prepares to report earnings. Previously, heavy spending by AI leaders, known as hyperscalers, boosted stock prices under the assum...
Meta Platforms is set to report Q3 results with a price target of $913.41, implying a 29% upside from its current price of $709.33. The company’s ad revenue is growing nearly 30% annually, driven by AI-powered products like Advantage Plus, which supp...
