Social media giant Meta expected about 10 percent of its 2024 revenue, roughly $16 billion, to come from running ads for scams and banned goods, according to internal projections reported by Reuters.

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 ...

A recent Reuters investigation alleges that Meta, the parent company of Facebook and Instagram, earned billions from fraudulent ads, leaving consumers on the hook, including an increasing number of ...

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 ...

Meta, the parent company of Facebook and Instagram, calculated that over $3 billion of its Chinese-funded ad revenue came from scams. Around 19% of the money generated by advertising from Chinese ...

A new examination of internal company records has raised fresh questions about how much Meta benefited financially from fraudulent advertising, particularly from China-based clients pushing illegal ...

A sweeping Reuters investigation has put a price tag on Meta’s tolerance for ad fraud: billions of dollars a year. For Rob Leathern, a former Meta executive who led the company’s business integrity ...

Meta’s Chinese advertisers were found to be defrauding users of Facebook, Instagram, and WhatsApp globally, and despite being aware of this, the company did not take substantial steps to address the ...

U.S. lawmakers have asked the Federal Trade Commission and the Securities and Exchange Commission to launch an investigation into Meta Platforms (META), Reuters reported on Monday, following a report ...

(NewsNation) — Social media giant Meta expected about 10% of its 2024 revenue, roughly $16 billion, to come from running ads for scams and banned goods, according to internal projections reported by ...

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 ...