· SECTION

Business

18 of 322 stories in this edition Full edition

86 · BUSINESS

Meta ordered to pay $25 billion in New Mexico privacy case

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

State District Judge Francis Mathew issued the order Wednesday, following a September verdict that identified more than 43 million violations of New Mexico’s consumer-protection law. Jurors found that 26 of 29 statements by Meta and its leadership were misleading. Mathew calculated that state law could support a penalty exceeding $219 billion but reduced the award to $25 billion.

The lawsuit, filed by New Mexico in 2021, arose partly from the Cambridge Analytica scandal. The now-defunct political consulting firm obtained data from as many as 87 million Facebook users without their consent and used it for targeted political advertising, including work connected to Donald Trump’s 2016 presidential campaign. …

READ THE STORY →
  1. 94

    House and Senate Control in Focus as US Midterms Near

    Business Insider · Edward Jones · Yahoo · Bloomberg · Financial Times · +60 more

    BUSINESS 65
  2. 99

    Six Flags to Add Seat Belts to Goliath After Rider’s Death

    WSJ · CNN · AP News · WSB-TV · wokv.com · +14 more

    BUSINESS 19
  3. 141

    Trump backs Ramaswamy over controversial ad featuring Amy Acton’s estranged mother

    Fox News · Fast Company · New York Post · bostonherald.com · thenation.com · +17 more

    BUSINESS 22
  4. 154

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

    Bloomberg · CNBC · businesstimes.com.sg · econotimes.com · The Japan Times · +67 more

    BUSINESS 72
  5. 169

    Meta Creates Nonvoting Shares as Zuckerberg Commits to Remain in California

    Politico · Fortune · MarketWatch · Business Insider · freemalaysiatoday.com · +22 more

    BUSINESS 27
  6. 177

    American Express to Cut 5% of Workforce in Restructuring Tied to AI

    CNBC · Fortune · The New Yorker · CNN · The Washington Post · +34 more

    BUSINESS 39
  7. 178

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

    burytimes.co.uk · digg.com · iheart.com · dailymail.com · businesstimes.com.sg · +32 more

    BUSINESS 37
  8. 179

    PHP releases urgent fixes for critical remote-code vulnerabilities

    Hacker News · Reuters · National Cyber Security Centre · Aikido Security · php2shell.com · +19 more

    BUSINESS 24
  9. 182

    PHP2Shell flaws were probed before disclosure as attacks surged worldwide

    The Atlantic · Amazon Web Services · The Guardian · CNN · BBC · +22 more

    BUSINESS 27
  10. 190

    Anthropic unveils Claude Duet, a proactive AI agent

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

    BUSINESS 145
  11. 194

    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
  12. 226

    FAA Certifies Boeing 737 Max 10 After Years of Delays

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

    BUSINESS 46
  13. 239

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

    CBS News · livemint.com · theepochtimes.com · KHOU · About Amazon · +33 more

    BUSINESS 38
  14. 249

    Salesforce agrees to acquire Braze for $5.66 billion

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

    BUSINESS 32
  15. 289

    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

    BUSINESS 30
  16. 290

    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 · Money Talks News · kbtx.com · +28 more

    BUSINESS 33
  17. 305

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

    wtvbam.com · The Hill · hot96.com · FOX 32 Chicago · South China Morning Post · +13 more

    BUSINESS 18