"The unholy alliance between Big Tech and China goes far beyond TikTok, which recently reached a deal to survive in the U.S. by divesting its American operations from non-Chinese ownership. Even American-owned tech giants are deep under the covers with the Chinese, as evidenced by a new Reuters report that examines the relationship between Facebook's parent company Meta and China. The report concludes that Meta takes in billions in ad revenue from China while only loosely policing fraud and other illegal content in those ads."
"The report finds Meta took in $18 billion in advertising revenues from China last year, more than one-tenth of its total global revenue. Of that $18 billion, more than $3 billion was flagged for scams or illegal content like gambling and pornography, according to Meta's own calculations. China experts warn this marriage of Big Tech and the Chinese has been growing for years, and is only getting more dangerous."
""Number one, China is disseminating propaganda, and now China is getting into the scam business," says Antonio Graceffo, economic analyst with the China Econ Group. "And the American Big Tech and social media companies are enabling this, even though they are banned in China." Indeed, Meta's billions in ad business with China comes in spite of the fact that Facebook remains banned for the Chinese public, notwithstanding years-long efforts by the company to get that ban lifted."
Meta received $18 billion in advertising revenue from China last year, more than one-tenth of its global revenue, with over $3 billion flagged for scams or illegal content such as gambling and pornography. A dedicated Chinese anti-fraud unit was disbanded last year in favor of a broader fraud focus, while automated systems removed millions of illegal ads before users saw them. Facebook remains banned in China despite substantial ad business flowing from Chinese advertisers. Continued ad revenue from Chinese sources enables propaganda and scams that U.S. platforms struggle to police effectively; some analysts call for banning such funds altogether.
Read at KTRH Local Houston and Texas News
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