Bombshell report exposes how Meta relied on scam ad profits to fund AI

16 days ago

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Meta earns billions from scam ads targeted at users most likely to click on them.
Internal documents reveal Meta's hesitation to remove scam accounts to avoid revenue loss.
Meta allowed 'high value accounts' to accrue over 500 strikes without shutdown.
Scammers were charged higher ad rates as a 'penalty' by Meta.
Meta's ad-personalization system shows more scam ads to users who click on them.
Users encounter 15 billion 'high risk' scam ads daily across Meta apps.
An additional 22 billion organic scam attempts occur daily on Meta platforms.
Meta projected $16 billion (10% of revenue) would come from scam ads in 2023.
'High risk' scam ads include fake products, investment schemes, and banned medical products.
Meta is most concerned about 'imposter' ads impersonating celebrities or big brands.

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