Meta Fined $275 Million in Irish Data Leak Case

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The Street

By Rob Lenihan Irish data regulators have fined Facebook’s parent company a total of nearly $1 billion related to data breaches. There probably isn’t going to be much holiday cheer decking the halls of Meta Platforms (META) – Get Free Report this year. The social media giant has suffered the slings and arrows of outrageous fortune for most of 2022, as its stock price fell and is market cap plummeted. Earlier this month, the company said it would lay off around 11,000 people, or 12.5% of its global workforce, marking the first major round of job cuts in company history in the face of mounting l…

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