These fraudulent ads purport to offer a product or service that isn’t actually real, and may be intended to solicit payments from less savvy users.
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Meta estimates that it earns 10% of its revenue from scams, report says
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This is an interesting insight into Meta’s revenue sources. It’s concerning to see such a significant portion attributed to scams. It highlights the ongoing challenges in ensuring online safety and protecting users from fraud.
It’s definitely troubling to see that much revenue tied to scams. It highlights the need for better regulation and consumer protection on these platforms. Additionally, it raises questions about how effectively Meta monitors and addresses these fraudulent activities.