Meta has been exposed for making huge profits through a massive number of fraudulent advertisements.
internal documents from Meta Platforms (META.O) show that about 10% of the company's revenue in 2024, approximately $16 billion, comes from fraudulent ads and prohibited goods ads, highlighting loopholes in its advertising business regulation. This internal document from Meta shows that the social media giant has failed to identify and stop a large number of illegal ads for at least the past three years, exposing billions of users on its platforms Facebook, Instagram, and WhatsApp to investment scams, online gambling, prohibited medical products, and other content. According to the company's internal estimates, the platform pushes out approximately 15 billion fraudulent ads to users every day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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