Santa Clara County Sues Meta Over $7 Billion in Alleged Scam Ad Profits
Updated
Updated · Bloomberg · May 11
Santa Clara County Sues Meta Over $7 Billion in Alleged Scam Ad Profits
9 articles · Updated · Bloomberg · May 11
Santa Clara County filed suit against Meta, alleging the company knowingly facilitates scam advertisements across Facebook and Instagram and profits heavily from them.
The complaint says those ads defraud seniors and families, and county counsel Tony LoPresti said Meta makes about $7 billion a year from such advertising.
The case centers on whether Meta tracked the scam ads while continuing to run them, escalating scrutiny of how major social platforms police fraudulent marketing.
Why do 15 billion 'high-risk' ads reportedly reach Meta users daily despite the company's stated efforts?
Meta touts AI for scam detection, but is it also becoming the scammer's greatest new tool?