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Meta Slams New Mexico Business Climate After $25 Billion Verdict

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Meta Slams New Mexico Business Climate After $25 Billion Verdict

Meta’s chief legal officer said Wednesday (Oct. 21) that it is “all but impossible to do business” in New Mexico after a court ordered the company to pay $25 billion in a case brought by the state’s attorney general.

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The case brought by New Mexico alleged that Facebook violated the state’s Unfair Practices Act nearly 44 million times by misusing personal information collected through the platform, misrepresenting to consumers its data practices, and failing to address misinformation and hate speech, the New Mexico Department of Justice said in a Wednesday press release.

The case involved Facebook’s conduct in the Cambridge Analytica case, according to the release. PYMNTS reported in 2018 that Cambridge Analytica accessed the data on 87 million Facebook users without their permission and later shut down during the scandal.

“We took on one of the largest companies in the world because New Mexicans deserve honesty, accountability and the protection of their personal information,” New Mexico Attorney General Raúl Torrez said in the release. “Today’s result makes clear that no corporation is too powerful to be held accountable.”

Reached by PYMNTS, Meta provided an emailed statement in which its chief legal officer, C.J. Mahoney, said the company is confident it will prevail on appeal.

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“This ruling, and the Attorney General’s approach to this enforcement, makes it all but impossible to do business in the state of New Mexico,” Mahoney said.


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