Policy
New Mexico Asks a Judge for Up to $40 Billion From Meta Over Cambridge Analytica; Meta Wants the Figure Capped at $3.45 Billion
A jury found Meta liable for more than 43 million violations of state consumer-protection law. Meta's counsel called the state's request an "astronomical penalty" that would violate the Constitution.
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By Marcus Elrod
Oct 3, 2026 · 2 min read
New Mexico asked a state judge Thursday to impose civil penalties of $35 billion to $40 billion on Meta Platforms over the Cambridge Analytica data episode, in a penalty-phase hearing that followed a jury verdict against the company last month.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.