Facebook parent Meta Platforms, Inc. (NASDAQ:META) shares are trading lower today. The company has agreed to pay a penalty of $1.4 billion to Texas to settle claims of improperly collecting millions of citizens’ biometric data without consent. The company will pay the settlement over five years. Texas Attorney General Ken Paxton said, “After vigorously pursuing justice for our citizens whose privacy rights were violated by Meta’s use of facial recognition software, I’m proud to announce that we have reached the largest settlement ever obtained from an action brought by a single State.” In February 2022, Attorney General Paxton filed this lawsuit in state district court in Marshall. The lawsuit also alleged that Facebook has obtained patents for systems “where consumers wandering in stores or ...