Mark Zuckerberg’s Meta Refuses to Crack Down on Rampant Scams From Bogus Ads to Avoid Losing Revenue: Report

Mark Zuckerberg’s Meta refuses to crack down on rampant scams from bogus ads to avoid losing revenue: report

Meta reportedly allowed thousands of bogus ads to run on its platforms while refusing to crack down on alleged cases of fraud to avoid losing ad revenue, according to a bombshell report.

Fueled by the rise of cryptocurrencies, generative AI, and vast international criminal networks, the magnitude of Meta’s fraud problem is growing

Penang factory engineer loses RM300,000 in Facebook investment scam, say police

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Meta battles ´Epidemic of Scams´ as criminals flood Instagram, Facebook

Meta Platforms, the parent company of Facebook and Instagram, is increasingly a cornerstone of the internet fraud economy, The Wall...

Facebook and Instagram face “an epidemic of scams” driven by crime networks; internal docs from 2022 say 70% of newly active Meta advertisers promote scams

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Conned on Instagram, Facebook? Meta Says Platforms Facing ‘Epidemic of Scams’ – Firstpost – Report Wire

In meta’s oven words, its platforms are affected by an ‘Epidemic of spams’. Despite Such Acknowledgment, Scam Enforcement does not appear to be a priority for meta.read more Meta-Owned Instagram and Facebook have emerged as favorite platforms for scammers on the internet. The problem is such that meta has accentged that its platforms are affected by an “Epidemic of spams”. The spams populating the two platforms Range from Misleading Ads that Thr…