A Reuters investigation examines its tactics, including efforts to make scam ads “not findable” when authorities search for them.

Internal company documents reveal that Meta projected earning approximately 10% of its 2024 revenue (roughly $16 billion) from running advertisements for scams and banned goods across Facebook, Instagram and WhatsApp (1). Even more alarming: the social ...

Meta earns billions of dollars every year from running online advertising for scams and banned goods across Facebook, Instagram and other platforms, new documents have revealed. The tech giant internally projected late last year that it would earn about 10 ...

Meta expected to make billions in revenue from scam ads in 2024: Reuters Reuters found that 15B "higher risk" ads reached users each day A Meta spokesperson said the company aggressively fights fraud and scams Social media giant Meta expected about 10 ...

Internal documents have revealed that Meta has projected it earns billions from ignoring scam ads that its platforms then targeted to users most likely to click on them. In a lengthy report, Reuters exposed five years of Meta practices and failures that ...

The U.S. Virgin Islands has filed a lawsuit against Meta Platforms, citing its profits from scam advertisements and alleging a failure to safeguard social media platforms for children. The lawsuit references a Reuters report detailing Meta's projected revenue from scams and its inadequate response to advertisers engaged in deceptive practices.

Bottom line: Meta insists that it is making steady progress against fraudulent advertising. "We aggressively fight fraud and scams because people on our platforms don't want this content, legitimate advertisers don't want it and we don't want it either ...

Mark Zuckerberg’s Meta knows Chinese scammers are bilking users out of billions of dollars – but has allowed them to keep operating rather than risk its profits, according to an explosive report. In 2024 alone, Meta earned more than $3 billion – or ...