Meta Rakes in Billions While Struggling to Curb Fraudulent Ad Surge

Meta Platforms is projected to earn billions from scam ads, despite ongoing struggles to combat fraudulent schemes on Facebook and Instagram, raising concerns about profit motives over user safety.

• Internal documents from Meta Platforms revealed a projection of nearly 10% of total earnings coming from scam ads, indicating a troubling reliance on such revenue sources.
• Meta only bans advertisers with a 95% certainty of engaging in fraud, often allowing higher risk ads to remain active, which raises serious questions about their advertising policies.
• Despite numerous internal warnings about the surge of confidence trick ads, Meta continues to prioritize financial gain, further complicating its responsibility to protect users.