Politics
Meta’s $25 Billion Penalty Is Massive Win for AG in Small State
Key Points
Meta’s $25 Billion Penalty Is Massive Win for AG in Small State With one landmark courtroom victory this week against Meta Platforms Inc., New Mexico Attorney General Raúl Torrez is poised to bring in almost double the state’s annual revenue. A $25 billion civil penalty ordered by a judge Wednesday would be among the largest payouts in US legal history if it stands. It dwarfs the state’s $14.8 billion projected general fund revenue for fiscal year 2028.
Meta’s $25 Billion Penalty Is Massive Win for AG in Small State
With one landmark courtroom victory this week against Meta Platforms Inc., New Mexico Attorney General Raúl Torrez is poised to bring in almost double the state’s annual revenue.
A $25 billion civil penalty ordered by a judge Wednesday would be among the largest payouts in US legal history if it stands. It dwarfs the state’s $14.8 billion projected general fund revenue for fiscal year 2028. The magnitude of the windfall wasn’t lost on the Ivy League-educated official when he explained at a press conference that, by law, the money must be spent on building schools.