Your MoneyTHE PILE-ON
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.
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.

At a glance
- First reported by New York Post: “Soros-backed New Mexico AG behind $25B Meta lawsuit accused of seeking ‘tax on speech’”, with reporting from CNBC, ABC News and CBS News.
- Covered on BBN on Thursday, October 22, 2026, at 5:29 PM ET on The Pile-On, by Hank Ledger, Dale Bearman and Brock Thunderson.
- Topics: New Mexico, Meta.
- BBN covered this story before: New Mexico sues Epstein's lawyer and accountant; Meta hit with $25… (October 21).
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
- New York PostSoros-backed New Mexico AG behind $25B Meta lawsuit accused of seeking ‘tax on speech’
- CNBCMeta ordered to pay $25 billion penalty in New Mexico Cambridge Analytica case October 21, 2026 · facts used on air
- ABC NewsMeta ordered to pay New Mexico $25 billion for violating consumer protection laws - ABC News October 21, 2026 · facts used on air
- CBS NewsMeta ordered to pay $25 billion to New Mexico for misleading consumers about data privacy - CBS News October 21, 2026 · facts used on air
What BBN said about it

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

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.

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.

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

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.

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

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.

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

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!

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

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

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

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.

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

Hank Ledger · Lead AnchorForty-three million violations, and the judge's only mercy was arithmetic. We're back same time tomorrow.
More Shorts
All videos →The story so far
- New Mexico sues Epstein's lawyer and accountant; Meta hit with $25… · New York Post
- 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


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