Meta Projected $16B from Fraud Ads, Says Reuters
Update: 2025-11-06
Description
Metas Profit from Fraudulent Ads: A Scandal Unveiled - Reuters report reveals Meta, Facebooks parent company, expects $16 billion from scam ads, promoting illegal gambling, fake investments, and banned medical products. Despite a detection system, Meta only disables accounts with 95% certainty of fraud, profiting from suspicious advertisers. Meta denies distortion, citing a 58% drop in scam ad reports and removal of 134 million scam ads.
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