A series of lawsuits has created a new de facto regulatory regime as courts order companies like Meta and Google to change their business practices — and pay up.
Meta’s chief executive, Mark Zuckerberg. On Wednesday, a New Mexico judge ordered Meta to pay a record $25 billion penalty for abusing consumer privacy.
The penalty, one of the largest levied against a tech giant, stemmed from a lawsuit by New Mexico claiming the social media company had misled users about their data privacy.
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