New Mexico judge orders Meta to pay $25 billion over privacy misrepresentations

A New Mexico judge ordered Meta to pay $25 billion in penalties in a case over alleged privacy misrepresentations, following a September jury verdict that found Facebook misled users about data privacy. The order also applies 15% annual post-judgment interest until the penalty is paid, which Benzinga estimates at roughly $3.75 billion a year. Meta said it plans to appeal to the New Mexico Court of Appeals and potentially the U.S. Supreme Court. Benzinga notes that pausing enforcement during an appeal would require a supersedeas bond or cash collateral of around $30 billion, and that a negotiated settlement is another possibility. This ruling is the outcome of the New Mexico damages claim that was previously reported as seeking $35-40 billion.

1. A New Mexico judge ordered Meta to pay $25 billion in penalties tied to the Cambridge Analytica-related privacy case, per Benzinga.
2. The order includes 15% annual interest until payment, which Benzinga estimates at about $3.75 billion a year.
3. Meta said it intends to appeal to the New Mexico Court of Appeals and potentially the U.S. Supreme Court.
4. Staying enforcement during an appeal would require a bond or cash collateral of roughly $30 billion, according to Benzinga's estimate.
5. The ruling follows a September jury verdict that Facebook misled users about data privacy.