Social media giant Meta expected about 10 percent of its 2024 revenue, roughly $16 billion, to come from running ads for scams and banned goods, according to internal projections reported by Reuters.

Meta is making billions of dollars every year from ads marketing scams and illegal products on its platform, according to a new report from Reuters. The report details the staggering numbers behind ...

A recent Reuters investigation alleges that Meta, the parent company of Facebook and Instagram, earned billions from fraudulent ads, leaving consumers on the hook, including an increasing number of ...

Last year, Meta projected that 10% of its overall annual revenue — $16 billion — would come from fraudulent advertisements on its apps, according to a report from Reuters. The documents accessed by ...

Meta earns billions of dollars every year from running online advertising for scams and banned goods across Facebook, Instagram and other platforms, new documents have revealed. The tech giant ...

“Sociable” is the latest commentary on important social media developments and trends from industry expert Andrew Hutchinson of Social Media Today. Yeah, this seems bad. According to a new report from ...

The number of scam adverts and less than legitimate product listings on social media platforms certainly seems to have dramatically increased in the last few years, but a new report claims the ...

TL;DR: A Reuters report reveals Meta knowingly allowed scam ads on Facebook, Instagram, and WhatsApp to generate billions, estimating $16 billion in 2024 revenue from such ads. Internal documents show ...

(NewsNation) — Social media giant Meta expected about 10% of its 2024 revenue, roughly $16 billion, to come from running ads for scams and banned goods, according to internal projections reported by ...