Higher risk 🦹‍♂️


"A cache of previously unreported documents reviewed by Reuters also shows that the social-media giant for at least three years failed to identify and stop an avalanche of ads that exposed Facebook, Instagram and WhatsApp’s billions of users to fraudulent e-commerce and investment schemes, illegal online casinos, and the sale of banned medical products.

"On average, one December 2024 document notes, the company shows its platforms’ users an estimated 15 billion higher risk scam advertisements —those that show clear signs of being fraudulent —every day.

"Meta earns about $7 billion in annualized revenue from this category of scam ads each year, another late 2024 document states."

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