40 BILLION DOLLAR PENALTY REQUESTED FOR META
A New Mexico jury found 26 statements by Meta, owned by Mark Zuckerberg, about its data privacy, hate speech and misinformation policies misleading, finding more than 43 million violations. While the law theoretically allows for a fine of over 200 billion dollars, the prosecutor’s office requested 35-40 billion dollars from the judge. Meta finds the request excessive and unconstitutional. The final sentence will be determined by judge Francis Mathew.
87 MILLION PEOPLE’S DATA LEAKED
The biggest break in the history of the commodity was the Cambridge Analytica scandal in 2018. It was revealed that the British political consultancy company accessed the data of up to 87 million users through a Facebook application. The data was used to politically target voters by creating personality profiles; The scandal also led to Facebook being questioned on a global scale.
HISTORICAL 5 BILLION DOLLAR PENALTY
The US Federal Trade Commission FTC fined Facebook $5 billion in 2019 for misleading practices regarding its control over users’ personal information. At the time, this penalty was the harshest penalty imposed on a company for violating consumer privacy. Facebook also agreed to reform its privacy management, starting at the company board level.
CHILDREN’S SAFETY PROBLEM
Another scandal that Meta encountered was the effects of Facebook and Instagram on children and young people. A separate lawsuit in New Mexico focused on allegations that these platforms did not take adequate precautions regarding children’s safety and mental health. Meta argues that it has developed security tools against these accusations and changed its platforms to protect young users.
