Meta is under scrutiny as a report highlights that nearly half of the scam complaints related to Zelle transactions at JPMorgan Chase involved its platforms, such as Facebook and Instagram. The rise of scams is linked to cryptocurrency promotion and organized criminal groups, leading to fake investment ads and misleading offers. While Meta claims to be combating this issue with new technologies and partnerships, the continuous emergence of scam ads raises concerns about accountability and the efficacy of these measures. Experts call it an epidemic affecting users.
What sucks is we have to break it to people that they've been scammed. We don't even do online sales.
Meta is fighting back with new technology and partnerships... A spokesperson described the situation as an 'epidemic of scams'.
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