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-0.000135679073764238 -0.000572867200337683 -0.000535178568736554 0.000436585108467807 -1.50754526404518E-05 -0.00148493208508588 -0.00185428067477729 -0.00134171528500141
Stock impact report

The $16 Billion Question Haunting Mark Zuckerberg [zero hedge]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: zero hedge
The $16 Billion Question Haunting Mark Zuckerberg A new study finds Facebook hosts the vast majority of social media scams, and critics argue it is because Meta prioritizes profit over protecting users, according to the New York Post . Internal documents obtained by Reuters show Meta projected $16 billion — about 10% of revenue — from scam ads last year. Experts say the company only bans advertisers when its systems detect a 95% probability of fraud, while charging higher ad fees to suspicious buyers, a system critics describe as “pay to play.” Former California prosecutor Erin West says the documents prove fraud is a “major moneymaker” for Meta. “To know that Facebook is aware of this and they tolerate it — and in fact, they even command additional fees from the worst offenders — is egregious… the practice itself is outrageous, jaw-dropping, unacceptable.” Data from fraud-reporting firm SafelyHQ shows Facebook is cited in 85% of scam reports that identify a platform, with more than 5 Show less Read more
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