"Santa Clara County has become the latest entity to sue Meta over scam ads on Facebook and Instagram. The lawsuit, brought by County Counsel Tony LoPresti, alleges that the company has profited from "a vast ecosystem of scam ads" that have defrauded senior citizens and other vulnerable people."
"The lawsuit references a report last year from Reuters that cited internal documents detailing the billions of dollars scam advertisers have poured into Meta's platforms. Meta makes as much as $7 billion a year from such ads, the filing says. It also claims that Meta's own processes and policies have enabled scams."
""While our region has certainly benefited from the tech boom, we can't sit idly by when we know good and well that a tech giant is swindling the public to hit a revenue target," LoPresti said during a press conference."
""This claim relies on Reuters reporting that distorts our motives and ignores the full range of actions we take to combat scams every day," the spokesperson said. "We aggressively fight scams on and off our platforms because they're not good for us or the people and businesses that rely on our services. We removed over 159 million scam ads last year alone, launched new tools to protect people, and partnered with law enforcement around the globe to disrupt these criminals.""
Santa Clara County sued Meta over scam ads on Facebook and Instagram, alleging Meta profited from a large network of scam advertisements that defrauded senior citizens and other vulnerable people. The lawsuit cites internal documents reported by Reuters showing billions of dollars were spent by scam advertisers on Meta platforms, with Meta earning up to $7 billion annually from such ads. The filing claims Meta’s processes and policies enabled scams. Meta said it would fight the lawsuit, arguing it combats scams aggressively, removed over 159 million scam ads in the prior year, launched protective tools, and partnered with law enforcement. Additional scrutiny includes a report by CCDH about Medicare-related scams targeting seniors on Facebook.
Read at Engadget
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