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-0.000571975589326426 -0.00107694148617929 -0.00125643173387584 -0.000777791073351824 0.00472657652267555 0.00257269355031697 0.00544453751346175 0.00323082445853771
Stock impact report

Facebook hit with defamation lawsuit over fake ads [TechCrunch Blog]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: TechCrunch Blog
In an interesting twist, Facebook is being sued in the UK for defamation by consumer advice personality, Martin Lewis, who says his face and name have been repeatedly used on fake adverts distributed on the social media giant’s platform. Lewis, who founded the popular MoneySavingExpert.com tips website, says Facebook has failed to stop the fake ads despite repeat complaints and action on his part, thereby — he contends — tarnishing his reputation and causing victims to be lured into costly scams. “It is consistent, it is repeated. Other companies such as Outbrain who have run these adverts have taken them down. What is particularly pernicious about Facebook is that it says the onus is on me, so I have spent time and effort and stress repeatedly to have them taken down,” Lewis told  The Guardian . “It is facilitating scams on a constant basis in a morally repugnant way. If Mark Zuckerburg wants to be the champion of moral causes, then he needs to stop its Show less Read more
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