US senators call for investigation of scam ads on Facebook and Instagram
NegativeWorld Affairs

- US Senators Josh Hawley and Richard Blumenthal have urged the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to investigate Meta for its role in promoting scam advertisements on Facebook and Instagram, which the company estimates account for a third of all scams in the US.
- This call for investigation highlights concerns over Meta's advertising practices and the potential need for regulatory action to hold the company accountable for profits derived from misleading ads, which could lead to significant financial repercussions for Meta.
- The situation reflects ongoing scrutiny of Meta's business practices, particularly in light of recent legal victories against the FTC regarding antitrust claims, raising questions about the effectiveness of regulatory oversight in curbing harmful practices on social media platforms.
— via World Pulse Now AI Editorial System

