Meta knowingly took in billions from scam ads on Facebook and Instagram, says Reuters
NegativeArtificial Intelligence
- An investigation by Reuters revealed that Meta generated over $3 billion from scam advertisements on Facebook and Instagram in China last year, which accounted for nearly 19% of its total ad revenue from the region. The ads promoted illegal gambling, pornography, and other inappropriate content, raising serious ethical concerns about the company's advertising practices.
- This revelation is significant as it highlights Meta's ongoing struggles with content moderation and the potential legal ramifications of allowing such ads on its platforms. The financial implications are also critical, as the company faces increased scrutiny from regulators and stakeholders regarding its revenue sources.
- The situation underscores a broader trend of regulatory challenges facing Meta, including antitrust investigations and criticisms of its content moderation policies. As the company navigates these issues, it is also making substantial cuts to its metaverse budget, reflecting a shift in priorities amid mounting losses and public backlash over its handling of misinformation and harmful content.
— via World Pulse Now AI Editorial System




