Meta ordered to pay $25B penalty in New Mexico Cambridge Analytica case

Posted by cbg0 5 hours ago

Meta ordered to pay $25B penalty in New Mexico Cambridge Analytica case(www.cnbc.com)

https://nmdoj.gov/press-release/the-new-mexico-department-of...

222 points | 131 commentspage 2

hawk_ 2 hours ago|

Stock seems to have shot up ~7% aftermarket so just cost of business.

minraws 2 hours ago||

They beat revenue expectations, and earnings per share was ok, and they guided for even higher revenue next quarter above estimates ofc.

Somehow Meta is making money despite starting to loose DAUs now. So honestly I don't quite understand what's what, also most of the big income is from Ads and biggest Ads spenders are startups and companies heavily dependent on VCs and AI... So it's definitely somewhat circular, and Ads is the most recession affected business so a down turn in markets will cycle through it.

But ngl if all the earnings are this ok then hyperscalers stock might not crash this quarter, well then again I didn't think they would but a person could dream.

I am quite bullish on AI, but would prefer the fluff to get out of the way asap, otherwise don't want it to happen at a bad time, and too many people get caught pants down.

cush 1 hour ago|||

Their users are ad execs and data brokers

Forgeties79 1 hour ago|||

Hell didn’t they stop even reporting DAU’s?

minraws 1 hour ago||

they now do something called, Meta Family daily active people, similar thing but aggregate of all Meta stuff. very sus imho.

lrvick 1 hour ago|||

Well Meta is reacting to all the costs by just starting to charge for things previously free, like sharing links.

I suspect they are now entering the Earthlink/AOL phase where they squeeze every last dime out of the confused and abandoned senior citizens left on the platform until they die off.

kube-system 1 hour ago||

Meta also owns the 2nd, 3rd, 5th, and 14th largest social media platforms behind facebook.

3.6 billion people use a Meta app every day - 43% of the world's population.

lrvick 1 hour ago||

True. But seeing them lose an arm would be proof the monster can be killed.

kube-system 1 hour ago||

I'm saying I don't think we'll see that. Yes, many people I know have left facebook but I think that's an artifact of me being in a bubble rather than it being a global trend.

lrvick 1 hour ago||

I am more optimistic. People are addicted to targeted content, but local LLMs are already great at this. I have an agent that manages my local playlists and operates my own local spotify from a consumer GPU.

And youtube, same thing. I have not actually used youtube in years. Local software downloads video files from their servers, strips all the ads and sponsored content, and shows me the ones most interesting to me.

Once that is easy for everyone to do with software and weights-on-silicon embedded in next gen phones, the entire value prop of these networks starts to fall apart.

Between that and endless fines and negative movies coming out, I think they can be killed, or at least not a thing kids are allowed near anymore.

Aurornis 1 hour ago|||

[dead]

paxy 1 hour ago||

Escaping litigation with a fine is always a good outcome, no matter how large the penalty. Stock price will drop the day governments start regulating these companies or breaking them up.

techjamie 1 hour ago||

I've always been fond of the idea of putting a corporation in "jail" where any presence they have is shuttered for the duration, bank accounts are frozen, and locations are to be uninhabited except by third party security.

They can hire lawyers to argue it out while they sit in limbo like the rest of us.

Imagine if Amazon ran afoul of the law and AWS was offline in corporate jail for a day? It'd be motication to never, ever risk that happening.

reasonableklout 59 minutes ago||

Other countries also have a concept of the corporate death penalty. But it has not happened in the US for something like a century.

vvpan 1 hour ago||

I rarely cry but my eyes just got wet. It feels so good.

nidnogg 1 hour ago||

People are not notifying this nearly enough, but Meta is still going up and at it in Brazil [1] during one of the most polarized elections I've ever seen during my time.

Things got so ridiculous that Meta's AI WhatsApp companion would let you generate one candidate's posters, but flat-out deny you the same prompt for the opposition. Of course the bias skewed heavily towards benefiting the alt-right, pro-MAGA party.

[1] - https://www.reuters.com/world/americas/meta-employees-said-l...

ram1500natrluvr 35 minutes ago||

The book Careless People paints a picture of Zuck & Co that should cause anyone to hesitate to touch any of their products. It's a shame so much of the world runs on WhatsApp. It's a bigger shame that they were ever allowed to acquire WhatsApp in the first place.

culi 1 hour ago||

Thanks for continuing to talk about this. It's ridiculous how much the US meddles in the elections of others and acts all :surprised-pikachu: when Russia sorta kinda meddles a bit in ONE election of their own.

The Bolsanaro family is ofc a close ally of Trump

https://www.theguardian.com/world/2026/oct/21/battle-meta-al...

We even have Meta employees calling the meddling out: https://www.aljazeera.com/economy/2026/10/16/meta-employees-...

akulbe 1 hour ago||

That's just New Mexico. I wonder when will the other states step up, and hit them with more fines?

MiroslavPokorny 1 hour ago|

Just waiting for the orange one to say New Mexico is socialist and change the name because we cant have a state named after illegals.

MiroslavPokorny 1 hour ago||

Another example why Third party Advertising needs to be banned and also put on the list of human rights by the UN.

The inbalance between good and bad consequences from third party advertising is just completely broken.

idlewords 1 hour ago||

That penalty is almost 1/3 of a Metaverse. That's got to sting!

mike_bob 3 hours ago||

Not enough.

ArcHound 3 hours ago||

This seems to be a consequence of the Cambridge Analytica. Could it be that we'll see some consequences?

nalekberov 1 hour ago||

It’s crazy how these criminals can get away with it just by paying money. Sure, $25B isn’t peanuts, but this money shouldn’t have belonged to companies like Meta to begin with.

ThouYS 2 hours ago|

finally some proper penalty OOMs

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