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Economy and Work: Meta’s $25 billion New Mexico order

· 3:54 · With Maya and Omar

Omar is our columnist for the economy and work. We’re looking at a New Mexico jury decision and a judge’s order that could have a major cost for Meta, the company that owns…

Transcript

Vocabulary in this episode
liable

A jury found Meta liable for more than 43 million violations of New Mexico consumer-protection law.

Here, Meta is legally responsible for breaking the law.

liable

The $25 billion is the amount Judge Mathew ordered Meta to pay New Mexico after the jury found the company liable.

Here, the jury decided that the company was legally responsible.

consumer-protection law

A jury found Meta liable for more than 43 million violations of New Mexico consumer-protection law.

This is a law designed to protect people who buy or use products and services.

content moderation

The case concerned Facebook privacy and content moderation.

This means managing material that users post online.

Content moderation

Content moderation means how a platform handles material users post, including what it allows or removes.

It is how a platform decides what user posts to keep or take down.

content moderation

This is a New Mexico decision tied to particular claims about Facebook privacy and content moderation.

Here, it means managing and deciding what user posts can appear on Facebook.

third party

New Mexico’s case focused on accusations about a personality quiz made by a third party.

A third party is a person or organization outside the two main sides being discussed.

targeted ads

The firm used the data to make targeted ads.

These are advertisements aimed at particular people, based on information about them.

settlement

Forty-eight other states signed an $18 billion settlement with Facebook in August.

A settlement is an agreement that ends a legal dispute without a trial decision.

settlement

The $25 billion order is larger than that $18 billion settlement.

Here, it means the agreement made between Facebook and the states to end their legal dispute.

settlement

The $18 billion was part of a settlement signed by 48 states.

Here, a settlement is an agreement made to resolve a legal dispute.

privacy breach

The agreement released Meta from future liability related to that privacy breach.

A privacy breach is an event in which private information is wrongly accessed, shared, or used.

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