Meta earns $16 billion from fraudulent ads, users outraged

Internal documents reveal Meta collects 10% of advertising revenue in 2024 from fraudulent content, raising concerns about business ethics and user safety.

A Reuters report said Meta earned about $16 billion from fraudulent ads in 2024.

These ads include fraudulent investments, illegal casinos and banned medical products.

Every day, Facebook and Instagram users are exposed to 15 billion “high-risk” ads.

Internal documents show Meta feared losing revenue if it completely eliminated fraudulent ads.

A Meta spokesperson countered that the 10% figure was just a rough, unverified estimate.

The company says it is working to reduce fake ads and protect users .

However, internal conflicts within Meta have made the public skeptical about its commitment to transparency.

The incident raises questions about the social responsibility of technology platforms in the digital age.

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