Irish Independent : Independent | Meta sued over ‘scam ad’ profits made on Facebook and Instagram

AI generated summary, Read the full article for complete information.

California’s Santa Clara County has filed a lawsuit against Meta Platforms, alleging the company profited from scam advertisements on Facebook and Instagram in violation of California’s false‑advertising and unfair business‑practice laws. The complaint, submitted in Santa Clara County Superior Court on behalf of all state residents, accuses Meta of knowingly tolerating fraudulent ads on a global scale and earning revenue from them. The legal action follows protests outside Meta’s Menlo Park headquarters.

Read more: https://www.independent.ie/business/world/meta-sued-over-scam-ad-profits-made-on-facebook-and-instagram/a1560567368.html

#MetaPlatforms #Facebook #Instagram #scamads

Consumer Group Sues Meta for Allegedly Allowing Scam Ads on Its Platforms

📰 Original title: Meta Is Sued Over Scam Ads on Facebook and Instagram

🤖 IA: It's not clickbait ✅
👥 Usuarios: It's not clickbait ✅

View full AI summary: https://killbait.com/en/consumer-group-sues-meta-for-allegedly-allowing-scam-ads-on-its-platforms/?redirpost=9fd51bd2-18a9-49f8-b8db-d553670935ce

#justice #meta #scamads #consumerprotection

Consumer Group Sues Meta for Allegedly Allowing Scam Ads on Its Platforms

📰 Original title: Meta Is Sued Over Scam Ads on Facebook and Instagram

🤖 IA: It's not clickbait ✅
👥 Usuarios: It's not clickbait ✅

View full AI summary: https://killbait.com/en/consumer-group-sues-meta-for-allegedly-allowing-scam-ads-on-its-platforms/?redirpost=9fd51bd2-18a9-49f8-b8db-d553670935ce

#justice #meta #scamads #consumerprotection

Google Ads to enforce mandatory verification for financial services ads in Malaysia from 14 April #apps #digitallife #fakeads #featured #financialscam #financialservicesverification #google #googleads #news #scam #scamads #youtubeads

https://soyacincau.com/2026/03/11/google-ads-mandatory-verification-financial-ads-in-malaysia/

> Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show [1]. And the social media giant internally estimates that its platforms show users 15 billion scam ads a day. Among its responses to suspected rogue marketers: charging them a premium for ads – and issuing reports on ’Scammiest Scammers.’
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> Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods, internal company documents show.
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> A cache of previously unreported documents reviewed by Reuters also shows that the social-media giant for at least three years failed to identify and stop an avalanche of ads that exposed Facebook, Instagram and WhatsApp’s billions of users to fraudulent e-commerce and investment schemes, illegal online casinos, and the sale of banned medical products.
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> On average, one December 2024 document notes, the company shows its platforms’ users an estimated 15 billion “higher risk” scam advertisements – those that show clear signs of being fraudulent – every day. Meta earns about $7 billion in annualized revenue from this category of scam ads each year, another late 2024 document states.

Due to network effects, I am largely constrained to using Meta's product WhatsApp. Unlike WhatsApp, I do not have the Facebook or Instagram app installed on my mobile devices.
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1. https://www.reuters.com/investigations/meta-is-earning-fortune-deluge-fraudulent-ads-documents-show-2025-11-06

#Meta #Facebook #WhatsApp #ScamAds #DigitalMarketing