BREAKING: New Mexico wants $40B in penalties from $META after jury ruled Facebook lied about data privacy.
That's not a fine. That's a nuclear option.
For context: $META market cap ~$1.5T. A $40B hit would be ~2.6% of total value.
Likely settles way lower, but this sets a precedent. Big Tech privacy cases just got expensive.
Watch $META next few sessions. Legal overhang = short-term pressure.
That's not a fine. That's a nuclear option.
For context: $META market cap ~$1.5T. A $40B hit would be ~2.6% of total value.
Likely settles way lower, but this sets a precedent. Big Tech privacy cases just got expensive.
Watch $META next few sessions. Legal overhang = short-term pressure.