StocksMedium•28 September 2026•
1 min read
New Mexico Jury Finds Meta Liable for 43.8 Million Consumer Protection Violations
Key Facts
1A New Mexico jury found Facebook committed over 43.8 million violations of the state's Unfair Practices Act.
2Meta could face billions of dollars in penalties following the verdict regarding misleading statements about data privacy.
A New Mexico jury found Facebook committed over 43.8 million violations of the state's Unfair Practices Act. Reuters reported that Meta could face billions of dollars in penalties following the verdict regarding misleading statements about data privacy, as the jury found 26 out of 29 challenged statements to be deceptive.
The case traces back to a 2021 lawsuit involving the Cambridge Analytica scandal and the platform's handling of user data. Meta was trading at $721.70 on September 28, 2026, while other mega-cap tech peers showed mixed performance, with MSFT trading at $512.04 and GOOGL at $341.06 on the same date.