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Meta hit with $25 billion Facebook data fine as shares rise

Meta hit with $25 billion Facebook data fine as shares rise
Photo: LPS.1 / CC0 / Wikimedia Commons
AI summary

A New Mexico judge ordered Meta to pay a record $25 billion penalty over Facebook's handling of user data. Despite the fine, Meta shares are rising as investors focus on its AI business and an earnings report due tonight. The story has no direct crypto angle, so traders are unlikely to reprice digital assets on it.

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