Leaked internal documents have revealed that meta projected a revenue of approximately $16 billion from scam advertisements and banned goods in 2024. Meta showed users 15 billion “higher risk” scam ads on average each day, according to a document obtained by reuters. 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. According to a bombshell report by reuters, meta projected that 10% of its 2024 revenue—approximately $16 billion—would stem from ads promoting scams and banned goods. Meta should notify users when the company discovers that they clicked on a scam ad—rather than targeting them with more scam ads. We had proof otherwise but meta (probably knowingly) doesn’t give you an option to report any details
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.
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