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09 · BUSINESS · TOP 25 · #9 · RANGE #5–16

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

A New Mexico judge ordered Meta to pay $25 billion in civil penalties after a jury found the company repeatedly misled Facebook users about data privacy and content moderation.

State District Judge Francis Mathew issued the order Wednesday, writing that Facebook falsely promised users they controlled their data. The jury found Meta responsible for more than 43 million violations of New Mexico’s consumer-protection laws and determined that 26 of 29 statements by the company and its leadership were misleading. Mathew calculated that state law could support penalties exceeding $219 billion but reduced the award to $25 billion.

The state’s 2021 lawsuit arose partly from the Cambridge Analytica scandal. The now-defunct political consulting firm obtained personal information from as many as 87 million Facebook users without their consent and used it for targeted political advertising, including …

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  1. 47

    Barclays Plans 5,000 Job Cuts in AI-Linked Efficiency Drive

    burytimes.co.uk · digg.com · iheart.com · dailymail.com · businesstimes.com.sg · +31 more

    BUSINESS 36
  2. 61

    Banks and Online Platforms Tighten Control Over Third-Party AI Agents

    Noema Magazine · Microsoft · Sia Partners · OECD AI Policy Observatory · The Conference Board · +70 more

    BUSINESS 75
  3. 63

    PHP2Shell flaws were probed before disclosure as attacks surged worldwide

    The Atlantic · Amazon Web Services · The Guardian · CNN · BBC · +19 more

    BUSINESS 24
  4. 66

    Anthropic Proposes Federal Standards for Blocking High-Risk AI Models

    Politico · Reuters · shattered.io · TOKENPOST · FourWeekMBA · +140 more

    BUSINESS 145
  5. 67

    Iran threatens US bases as tanker attacks intensify around Strait of Hormuz

    Bloomberg · CNBC · businesstimes.com.sg · econotimes.com · The Japan Times · +66 more

    BUSINESS 71
  6. 71

    Meta approves nonvoting shares as Zuckerberg commits to remain in California

    Politico · Fortune · MarketWatch · Business Insider · freemalaysiatoday.com · +18 more

    BUSINESS 23
  7. 94

    Barclays and American Express Plan Workforce Cuts Amid AI Push

    CNBC · Fortune · The New Yorker · CNN · The Washington Post · +30 more

    BUSINESS 35
  8. 97

    Bombardier Plans $270 Million U.S. Expansion as Trump Drops Sales-Ban Threat

    Fox News · Yahoo · WSJ · CBC · FLYING Magazine · +5 more

    BUSINESS 10
  9. 137

    PHP releases urgent fixes for critical remote-code vulnerabilities

    Hacker News · Reuters · National Cyber Security Centre · Aikido Security · php2shell.com · +18 more

    BUSINESS 23
  10. 140

    FAA Certifies Boeing 737 Max 10 After Years of Delays

    Reuters · Yahoo · The Jerusalem Post · Leeham News · Quartz · +41 more

    BUSINESS 46
  11. 163

    Amazon plans more than 300,000 U.S. holiday hires

    CBS News · livemint.com · theepochtimes.com · KHOU · About Amazon · +31 more

    BUSINESS 36
  12. 174

    Salesforce agrees to acquire Braze for $5.66 billion

    infotechlead.com · thestar.com.my · Salesforce · Bloomberg · Reuters · +27 more

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  13. 180

    UK to Deploy Fighter Jets for Defensive Missions Over Saudi Arabia

    Fortune · The New York Times · Yahoo · Reuters · CNN · +18 more

    BUSINESS 23
  14. 196

    More Than $963,000 in Graded Trading Cards Stolen From FedEx Truck in California

    The New York Times · Yahoo · Mashable · NBC News · IGN · +21 more

    BUSINESS 26
  15. 222

    Kayem Foods recalls more than 1.5 million pounds of meat and poultry products

    USDA Food Safety and Inspection Service (.gov) · FOX 26 Houston · Fast Company · moneytalksnews.com · kbtx.com · +28 more

    BUSINESS 33
  16. 226

    Donnie Wahlberg says pilots saved lives after plane skidded off Las Vegas runway

    ABC News - Breaking News, Latest News and Videos · NewsNation · Fox News · USA Today · Yahoo · +25 more

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  17. 241

    Trump signs order creating NIH women’s health division and White House task force

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    BUSINESS 18
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    Riyadh skyscraper orders remote work as Houthi attacks intensify

    Yahoo · Reuters · Vietnam.vn · HR Brew · DW · +10 more

    BUSINESS 15
  19. 284

    ‘No Kings’ rallies urge early voting ahead of midterm elections

    Fast Company · USA Today · Los Angeles Times · Los Angeles Daily News · Sacramento Bee · +17 more

    BUSINESS 22