Meta Slapped with a $25 Billion Fine for Selling User Data and Lying About It
Remember when Facebook swore up and down that they never sold your personal data to anyone? Well, a judge in New Mexico just sent them the bill for that little fairy tale.
A state jury looked at years of corporate promises, compared them against the fallout from the Cambridge Analytica disaster, and counted up 43 million separate violations of consumer protection laws.
The math got so out of hand that the original penalty sat at an eye-watering $219 billion. The judge eventually showed some mercy and knocked it down to a "modest" $25 billion, pointing out that peddling user info and lying about it was never a rogue mistake, but the heart of their entire business model.
A ninety percent discount on a punishment for lying under oath almost feels like a corporate rewards program.
Source: Yahoo Finance
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