00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A New Mexico jury found Meta liable for $375 million in civil damages after determining
00:08the company willfully violated the state's unfair practices law by failing to safeguard
00:13children on its platforms, according to CNBC. The case followed a 2023 lawsuit tied to an
00:19undercover operation using a fake profile of a 13-year-old girl that received solicitations
00:24from child abusers. Prosecutors argued that Meta misled users about platform safety,
00:29and exposed internal discussions about encryption limiting abuse reporting.
00:33Meta denied the allegations and said it will appeal the verdict. The tech giant stated it
00:38remains committed to supporting young people while defending its record on platform safety.
00:43New Mexico Attorney General Raul Torres called the verdict a victory for families.
00:47For all things money, visit Benzinga.com.
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