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116 new news items in the last 24 hours
10 November 07:36

Internal documents from Meta show that 10% of its revenue comes from fraudulent ads.

Adrian Rusu
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IT&C knowledge
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According to internal documents obtained by Reuters, Meta estimated that approximately 10% of its total revenue, equivalent to 16 billion dollars in 2023, comes from fraudulent advertisements. The report claims that, in the last three years, Meta has failed to adequately protect users from misleading ads promoting illegal gambling, false investment schemes, and banned medical products.

These scams lure users with false promises, aiming to obtain money or personal information. Although Meta has developed tools to detect potentially fraudulent advertising campaigns, the company suspends advertisers' accounts only when it is 95% certain that the activity is fraudulent. In most cases, Meta increases advertising costs for suspected advertisers, which leads to additional revenue when they continue to purchase ads.

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Meta Reportedly Profited Billions from Scam Ads, Reuters Reveals

ȘTIRI PE ACELEAȘI SUBIECTE

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International
The European Commission found that Meta, the owner of Facebook and Instagram, does not provide effective ways to report illegal content, violating the Digital Services Act.
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IT&C knowledge
Meta is accused of hiding studies that show the negative impact of Facebook on mental health, including anxiety and depression among users.
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International
Meta reduces the budget for the Metaverse by 30% and reorients its strategy towards artificial intelligence.
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International
The European Commission has found that TikTok and Meta have violated the transparency obligations of the Digital Services Act, affecting researchers' access to public data.
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International
Meta Platforms has announced the availability of 600 employees from its artificial intelligence division to simplify its organizational structure and increase agility.
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