Meta is earning a fortune on a deluge of fraudulent ads, documents show
Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show. And the social media giant internally estimates that its platforms show users 15 billion scam ads a day. Among its responses to suspected rogue marketers: charging them a premium for ads – and issuing reports on ’Scammiest Scammers.’November 6, 20255:00 AM CSTUpdated 3 hours agoMeta CEO Mark Zuckerberg testifying before the U.S. Senate Judiciary Committee in January 2024. The co...
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