Meta earned $7 billion year from scam ads, internal report claimed

Meta is facing renewed scrutiny after earlier internal documents, reported by Reuters, claimed the company earned around $7 billion annually from scam advertisements. The documents alleged Facebook and Instagram carried billions of high-risk ads promoting fraud, illegal gambling, and banned products.

New Delhi: Meta is facing fresh scrutiny after recent discussions with the Indian government over harmful content on its platforms. It is the latest in a series of reports that have raised doubts about the extent of fake ads on Facebook and Instagram, and the profits the social network made from them, as reported by Reuters in other older internal company documents.

At a meeting with the Ministry of Electronics and Information Technology (MeitY) on Wednesday, Meta reportedly recognised that substantial sums have been paid to promote specific types of content. The admission comes as no surprise, as the company has never explicitly acknowledged any connection to illegal advertising but has brought into focus reports of scam advertising on its platforms in the........

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