Wow. Another reason to not use Meta products.
“With more than 3 billion daily users on Meta’s platforms, fraud is hardly a new phenomenon for the company. But fed by the rise of cryptocurrencies, generative AI and vast overseas crime networks based out of Southeast Asia, the immensity of Meta’s scam problem is growing and has been regularly flagged by employees over the past several years.
Current and former employees say Meta is reluctant to add impediments for ad-buying clients who drove a 22% increase in its advertising business last year to over $160 billion. Even after users demonstrate a history of scamming, Meta balks at removing them.”
#meta #scam #cryptocurrency #ai #fraud #problem #public #facebook #bigtech #tech #news
https://archive.ph/2025.05.16-113440/https://www.wsj.com/tech/meta-fraud-facebook-instagram-813363c8