SpaceX is ripping higher after strong earnings. Analysts see more gains ahead - CNBC

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A judge in New Mexico ordered Meta Platforms to pay $25bn on ⁠Wednesday after a jury found the company had misled consumers in a case arising from allegations that a political consulting firm involved in Donald Trump’s 2016 presidential campaign obtained data from millions of Facebook users ⁠without their consent. “Facebook’s wrongdoing – ⁠over the course of ​years and systematically broadcast to the public – goes to the heart of Facebook’s core business practices,” Judge Francis Mathew wrote in his order following the verdict. Mathew found that a penalty of more than $219bn was warranted, based on state law, but he reduced the figure to $25bn. A spokesperson for Meta did not immediately respond to a request for comment. The state’s attorney general had sued Meta in 2021 following revelations that Cambridge Analytica, ⁠a British political consulting firm, had harvested personal data from as many as 87 million Facebook users through a third-party app. The state accused Meta ​of lying to Facebook users in New Mexico about who had ‌access to their data, how the ‌company handles hate speech and misinformation posted on the platform, and other internal policies.

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