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Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods. A damning report from reuters alleges that meta platforms track scammers, accept their ad dollars, and expose millions of users if the price is right. According to the news service, these documents reflect meta's efforts to quantify the scale of abuse on its platforms, but they also reveal the company's limited efforts to address the issue.
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Bombshell report exposes how meta relied on scam ad profits to fund ai meta goosed its revenue by targeting users likely to click on scam ads, docs show. Data & tech meta has reportedly been raking in billions from scammy ads according to reuters, meta projected it would make about 10% of its overall annual revenue from ads for scams and banned goods in 2024. Instead of trying to combat the fake ad problem, meta reportedly tried to hide it from regulators in a number of ways.
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Internal documents show meta projected earning $16bn from scam ads in 2024
Discover how the tech giant profits from fraudulent content across its platforms.
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