"Meta claims it is doing all it can to crack down on scam advertising on its platforms. But in reality, Meta has knowingly taken steps and adopted policies that pad its bottom line at the expense of its users' safety and well-being."
"Rather than prohibiting advertisers who the company itself has determined pose a higher risk to its users, Meta just charges these advertisers more. The perverse result is that the riskier the advertiser, the more money Meta makes."
The Consumer Federation of America has filed a class-action lawsuit against Meta, claiming the company failed to protect users from scam ads on Facebook and Instagram. The lawsuit alleges that Meta misled users about scams and prioritized profits over safety. Examples of scam ads include promotions for a 'free government iPhone' and $1,400 checks. Internal documents suggest Meta has profited from scam ads, complicating efforts to combat malicious advertisers. Meta denies the allegations, asserting its commitment to fighting scams on its platforms.
Read at Engadget
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