Leaked internal documents have revealed that meta projected a revenue of approximately $16 billion from scam advertisements and banned goods in 2024. Meta rakes in over $16 billion on fraudulent ads while users face a flood of misinformation | report documents obtained by reuters show that roughly 10% of the company’s annual revenue is from. Meta showed users 15 billion “higher risk” scam ads on average each day, according to a document obtained by reuters.
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A bombshell investigation by reuters has uncovered internal documents revealing that meta knowingly profits from scam advertisements on facebook, instagram, and whatsapp to the tune of billions of dollars annually.
Internal documents have revealed that meta has projected it earns billions from ignoring scam ads that its platforms then targeted to users most likely to click on them
In a lengthy report, reuters exposed five years of meta practices and failures that allowed scammers to take advantage of users of facebook, instagram, and whatsapp Documents showed that internally, meta was hesitant to.
