Meta showed users 15 billion “higher risk” scam ads on average each day, according to a document obtained by reuters. Internal meta documents, reviewed by reuters, revealed the company expected to earn roughly $16 billion last year from ads promoting scams and banned products, accounting for about 10% of its. We had proof otherwise but meta (probably knowingly) doesn’t give you an option to report any details
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You can only click on an option saying it’s a scam
In one case, facebook’s canned response said they get a lot of complaints and that they didn’t even review that particular profile
Meta earns around $7 billion per year from scam ads. Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, and it internally estimates that its platforms show users 15 billion scam ads a day, company documents show. 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.
