Meta sued over scam ads on Facebook and Instagram as internal documents reveal $16 billion in projected fraud revenue
In short: Meta faces a convergence of lawsuits across the US, Australia, and the UK alleging the company knowingly profited from scam ads on Facebook and Instagram, with its own internal documents ...
Source: TNW | Meta
In short: Meta faces a convergence of lawsuits across the US, Australia, and the UK alleging the company knowingly profited from scam ads on Facebook and Instagram, with its own internal documents projecting that 10% of 2024 revenue, roughly $16 billion, came from fraudulent advertising. The cases span a $500 million pump-and-dump scheme, deepfake celebrity […] This story continues at The Next Web
