Social Media Giant Meta Was Compelled to Pay $24.66 Million.
#Meta just a few hours ago revealed their revenue figures. Spending on the #metaverse and the slowing growth of social #networking and digital advertising had a significant negative impact on its earnings.
Meta will have to pay $24,660,000 in restitution for 822 violations of the #Washington state statute requiring transparency in political ads, according to #Seattle Judge Douglass North's decision. According to the judge, Meta broke the law numerous times during the past few years, purposefully and persistently.
#Meta just a few hours ago revealed their revenue figures. Spending on the #metaverse and the slowing growth of social #networking and digital advertising had a significant negative impact on its earnings.
Meta will have to pay $24,660,000 in restitution for 822 violations of the #Washington state statute requiring transparency in political ads, according to #Seattle Judge Douglass North's decision. According to the judge, Meta broke the law numerous times during the past few years, purposefully and persistently.