Cambridge Analytica

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1. 22 Oct
   New Mexico court orders Meta to pay $25 billion over Cambridge Analytica case

   A New Mexico judge ordered Meta to pay $25 billion after a jury found the company had deceived users in a case tied to the Cambridge Analytica scandal. Meta said it will appeal and called the penalty a "tax on speech."

   Policy · 2 sources

   

2. 22 Oct
   Meta beats revenue expectations but profits hit by large legal penalties

   Meta reported stronger-than-expected third-quarter revenue as it continues heavy AI investment, but profit fell sharply after large legal charges tied to settlements and rulings. The company said charges related to a multistate settlement and a New Mexico judgment weighed on results while executives highlighted ongoing AI and Reality Labs spending.

   Business · 1 source

   

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