Why It’s So Hard to Buy One of the Country’s Top-Selling Cars Right Now

October 21, 2026

AI Summary

5 min read

Why It’s So Hard to Buy One of the Country’s Top-Selling Cars Right Now

A New Mexico judge ordered Meta to pay the state $25 billion after a jury found the company liable for deceiving users about data privacy, its efforts to fight hate speech and misinformation, and its handling of a third-party app tied to the 2018 Cambridge Analytica data breach. The state called it one of the largest verdicts in U.S. history. Meta’s chief legal officer said the ruling makes it difficult to do business in New Mexico and that the company was confident it would prevail on appeal. The decision came just hours before Meta reported record third-quarter revenue of more than $64 billion, beating analyst expectations. Meta also said it would create a new class of non-voting stock to raise capital for its AI models, with planned capital spending of up to $145 billion this year alone. The new stock will have an effective date in January and won’t affect CEO Mark Zuckerberg’s voting control.

A Critical Bug in the Software Powering 70% of the Web

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What you'll learn

1 (01:05) **Top Stories & Show Open** - Alex Ossola introduces the PM edition, previewing the Meta verdict, a critical AI-discovered bug, Toyota RAV4 supply issues, and Starlink restrictions in Ukraine.
2 (01:18) **New Mexico Judge Orders Meta to Pay $25 Billion** - A record-breaking judgment is issued against Meta for data privacy deception and its handling of the Cambridge Analytica scandal.
3 (01:55) **Meta Reports Record Revenue & Plans New Stock Class** - Despite the legal blow, Meta’s third-quarter earnings beat expectations, driven by record revenue.
4 (02:19) **Critical PHP Bug Discovered by AI** - A severe security vulnerability in the PHP programming language, which powers most of the web, has been disclosed.
5 (03:10) **Toyota RAV4 Supply Crisis** - The top-selling SUV in the U.S. is in critically short supply due to production decisions, hurting Toyota’s sales momentum.
6 (05:09) **Impact on Toyota’s Race Against GM** - The RAV4 shortage is a major problem as Toyota tries to overtake General Motors as the top-selling automaker in the U.S.
7 (06:36) **Market Close & Tech Rally** - Stocks closed higher, led by tech, following strong earnings from SpaceX and anticipation of Tesla’s report.

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Show Notes

P.M. Edition for Oct. 21. Toyota’s RAV4 is the most popular SUV in the U.S. But now, as autos reporter Chris Otts discusses, production decisions from the Japanese carmaker threaten that leader status. Plus, Journal Ukraine bureau chief Marcus Walker fills us in on what’s happening on the battlefield. And security researchers, with the help of AI, discovered a vulnerability that puts up to 70% of the world’s websites at risk. Alex Ossola hosts.

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