Deceptive Trade Practices: What Meta’s $25B Ruling Means for Founders
A New Mexico judge told Meta on Wednesday to hand over $25 billion as a penalty, according to Source New Mexico, after a jury decided the company had engaged in deceptive trade practices under state law. A Santa Fe jury had earlier tallied roughly 44 million breaches of the state’s Unfair Practices Act. Meta says it expects to win on appeal.
Running a company is stressful enough without worrying about a legal fight with a tech giant. Still, the logic behind this ruling reaches far beyond one social network. It is the same instinct driving the AI customer service rules now proposed in…
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