Meta Profits Billions from Fraudulent Ads Despite Internal Warnings

Despite internal warnings, Meta Platforms projected billions in profits from fraudulent ads, raising concerns about the companys prioritization of revenue over user safety across its platforms like Facebook and Instagram.

• Internal documents from Meta Platforms revealed projections of earning billions from scam ads, which have plagued users on Facebook and Instagram for years.
• Meta only bans advertisers with a 95% certainty of fraud, allowing many higher risk ads to circulate daily, which raises ethical concerns regarding their advertising practices.
• The company reportedly charges higher rates to marketers flagged as suspicious, showcasing a troubling focus on profit, even amidst ongoing issues with confidence tricks targeting users.