Justice
7.8
Meta ordered to pay $25B in Cambridge Analytica data case
Published 16 h ago3 sourcesEvidence: Reported
SeverityHighDagens IndustriLow-rated sourceUS
A New Mexico court fined Meta $25 billion for deceiving users about privacy practices, a record penalty. Meta is reportedly revising its capital structure to fund AI expenses, though details remain unclear. The fine signals escalating regulatory risk for big tech and may pressure Meta's balance sheet.
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Published 16 h ago3 sourcesEvidence: Reported
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