Meta hit with half a billion fine for child safety failings Proactive uses images sourced from Shutterstock Facebook and Instagram owner Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has been ordered to pay $567 million by a US judge over the harm caused to children on its platforms. The New Mexico court ruling takes the total the company has...Read More
A court ordered Meta to pay $942 million The reason was harm to children from Facebook and Instagram. The funds will go toward setting up a fund for psychological support and prevention programs. A New Mexico state court ordered Meta Platforms to pay $942 million, introduce new restrictions for underage Facebook and Instagram users, and...Read More
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What just happened? Meta’s defeat in New Mexico’s landmark child-safety case is going to cost the company close to one billion dollars. A state judge has ordered Facebook’s parent to place $567 million into a fund addressing harm its platforms caused young people. That’s on top of the $375 million civil penalty imposed in March,...Read More
By: Matthew Kerr, Quiver Data Analyst Posted: 12 hours ago / Aug. 7, 2026 12:50 p.m. UTC A New Mexico judge ordered Meta Platforms ($META) to establish a $567 million fund addressing harms linked to Facebook and Instagram, adding to $375 million in civil penalties previously imposed after a jury found the company violated state consumer-protection...Read More
This article first appeared on GuruFocus. Meta Platforms (NASDAQ:META), the tech heavyweight behind Facebook and Instagram, edged about 1.2% higher in Friday trading as of 11:12 a.m. ET even as a major legal ruling landed. According to Reuters, a New Mexico court ordered Meta to contribute $567 million to a youth mental-health fund, adding to...Read More
A United States (US) judge in New Mexico has ordered Meta to pay another $567 million for failing to rule out the danger its platforms posed to the safety of children. The fine was marked as the largest against the company over child safety. ALSO READ: Meta introduces new updates to Whatsapp group chats According to...Read More
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Julia Boorstin joins ‘Squawk on the Street’ to discuss a judge in New Mexico ordering Meta to pay $567 million into an abatement fund after a jury ruled the company willfully violated the state’s unfair practices act. 03:39 Fri, Aug 7...Read More
In another major blow to Meta, a New Mexico judge ordered the social media giant to pay $567 million and take actions to make its platform safer for young people. The latest penalty is in addition to the $375 million that a New Mexico jury ordered Meta to pay after finding that the company violated...Read More
Meta was ordered by a New Mexico judge to pay $567 million and implement new safety measures for young users on its platforms. The ruling represents the largest financial penalty so far against Meta in legal battles related to social media harm and addiction. The big picture: The $567 million fine is in addition to...Read More
