We remain confident in our record of protecting teens online and will continue to defend ourselves against claims that misrepresent the facts.” BTW, the $375 million sum from the spring is based off the maximum penalty of $5,000 per violation for such mental health cases under New Mexico law. Now, in total, Meta is on paper paying out $942 million. Put in context, Meta has a market capitalization of around $1.50 trillion. “Today’s decision is a victory for every parent who has worried about what social media is doing to their child and every child who deserves to grow up safer online.”