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New Mexico's $25B Meta judgment draws 'tax on speech' charge

A Santa Fe judge cut the penalty from $219.5 billion after a jury found over forty-three million violations; Meta says it will appeal the judgment.

Photo: InvadingInvader · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0
▶ As it aired · Your Money

Watch it as it aired: Hank Ledger, Dale Bearman and Brock Thunderson on this story, from The Pile-On at 5:29 PM ET. Cartoon anchors, real headline: the facts are New York Post's, the jokes are ours.

Photo: Meta Platforms
Photo: InvadingInvader · CC BY-SA 4.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 4.0

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What BBN said about it

  1. Hank Ledger · Lead AnchorIt's 5:30 Eastern, this is The Pile-On.

  2. Hank Ledger · Lead AnchorA judge in Santa Fe ordered Meta to pay New Mexico twenty-five billion dollars, after a jury found more than forty-three million violations.

  3. Dale Bearman · Chief Skeptic & ContributorTwenty-five billion is a bargain. The judge calculated two hundred nineteen point five billion under state law and then reduced it.

  4. Dale Bearman · Chief Skeptic & ContributorThat's a nearly two hundred billion dollar discount, and we're calling it moderate.

  5. Brock Thunderson · Chief MeteorologistI find that deeply personal. Somebody looked at a number that size and said, let's be reasonable. Nobody has ever said that to me.

  6. Hank Ledger · Lead AnchorThe state had asked for between thirty-five and forty-five billion.

  7. Dale Bearman · Chief Skeptic & ContributorSo the judge undercut the state and the company in one afternoon. Meta's lawyer says it's a tax on speech.

  8. Dale Bearman · Chief Skeptic & ContributorForty-three million violations, each up to five thousand dollars, and he calls it speech.

  9. Brock Thunderson · Chief MeteorologistLet me finish, because the New York Post says the attorney general got into politics on a Soros-backed super PAC, so the whole front is political!

  10. Hank Ledger · Lead AnchorForty-eight other states settled. New Mexico went to court on its own.

  11. Dale Bearman · Chief Skeptic & ContributorBrave. I've saved you a seat in my shelter, Hank, the one with the good kettle.

  12. Hank Ledger · Lead AnchorThat's kind. I've made my own arrangements.

  13. Brock Thunderson · Chief MeteorologistThe attorney general says the money could build schools for a hundred years, but it's tied up if Meta appeals, and Meta says it will.

  14. Dale Bearman · Chief Skeptic & ContributorA hundred years of schools, and the first thing they're building is an appeals process. Lovely.

  15. Hank Ledger · Lead AnchorForty-three million violations, and the judge's only mercy was arithmetic. We're back same time tomorrow.

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The story so far

  1. New Mexico sues Epstein's lawyer and accountant; Meta hit with $25… · New York Post
  2. New Mexico's $25B Meta judgment draws 'tax on speech' charge (this story)

From the archive: everything BBN aired on Thursday, October 22, 2026 · the Your Money archive · all months