German court rules Meta liable for scam ads on Facebook and Instagram
3 hours ago
- German court rules Meta responsible for fake investment ads posted by third parties on Facebook and Instagram.
- The court orders Meta to remove the ads, pay damages, and cease distribution of similar content.
- Finanzfluss and its co-founder sued after scammers used their trademark and photo without permission.
- The court rejects Meta's defense under the EU Digital Services Act, citing algorithmic content curation.
- Meta faces growing legal pressure in Europe and the US over scam ads, with potential fines and lawsuits.