Meta has been making billions of dollars per year from scam ads and sales of banned goods, according internal Meta documents seen by Reuters. The new report quantifies the scale of fraud taking place on Meta’s platforms, and how much the company profited from them. Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion. Discussions within Meta acknowled...