Meta projected 10% of 2024 revenue came from scams
15 days ago
- #Meta
- #Regulation
- #Scams
- Meta projected 10% of its 2024 revenue ($16 billion) to come from scam ads and banned goods.
- Internal documents revealed Meta prioritized enforcement in regions with the steepest penalties.
- Moderation team cuts led to most user-reported violations being ignored or rejected.
- Meta acknowledged potential fines but weighed them against lost revenue from clamping down on scams.
- Meta spokesperson stated the company aggressively fights fraud and scams.