Meta tolerates rampant ad fraud from China to safeguard billions in revenue

A Reuters investigation reveals the owner of Facebook, Instagram and Whatsapp decided to accept high levels of fraudulent ...
Interesting Engineering on MSN

Virgin Islands sues Meta in lawsuit over scam ads, claims billions tied to fraud

The U.S. Virgin Islands has filed a lawsuit against Meta Platforms, accusing the company of profiting from scam ...

Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

Austria's Supreme Court has ruled that Meta's personalised advertising model is unlawful, the court said on Thursday, ...
GIGAZINE

Meta was found to have derived 10% of its revenue from fraudulent advertising, and some have suggested it was deliberately delaying its response to the fraudulent ads.

Reuters reports, based on internal documents obtained exclusively by the company, that Meta is making huge amounts of money from fraudulent advertising, and that these profits are supporting huge ...
GIGAZINE

Google and Meta's $300 billion ad business oligopoly may be threatened

The combined revenue of Google and Meta is expected to reach $ 300 billion in the first half of 2022 alone, and even with ad business rivals such as Amazon, TikTok, Apple, and image posting app ...

Austria's highest court prohibits Meta Platforms' business model

Meta's personalized advertising and data collection on third-party sites are impermissible. Disclosures too modest.
Investing

Meta’s AI Advertising Push Drives Advantage+ Shopping Past $20B

In Q2 2024, Meta said that Advantage+ was continuing to drive strong advertising results, with U.S. advertisers seeing 22% higher ROAS. By Q4 2024, Advantage+ Shopping campaign revenues scaled past ...
Investing

Meta and Autonomous Advertising: The Stock’s Next Big Tailwind?

As one of the world’s largest and most influential companies, Meta Platforms (NASDAQ:META) is often the subject of interesting reports containing juicy rumors. One of the more impactful reports over ...
The Globe and Mail

Meta: Advertising Growth Soars While Betting Big on Future Tech

Meta's Quest 3 mixed reality headset and second-gen Smart Glasses, made with Ray-Ban, turned heads last week. The Meta Quest 3 competes directly with Apple’s (NASDAQ: AAPL) Vision Pro Headset. However ...
Business Insider

Meta earnings recap: Stock climbs as advertising drives revenue beat, while Zuckerberg doubles down on AI spending

Meta's Q2 revenue and earnings beat estimates Wednesday, driven by strength in its ads business. It's still spending big on Reality Labs and expects significant capex growth in 2025 for AI. CEO Mark ...
Nasdaq

Meta and Autonomous Advertising: The Stock's Next Big Tailwind?

As one of the world’s largest and most influential companies, Meta Platforms (NASDAQ: META) is often the subject of interesting reports containing juicy rumors. One of the more impactful reports over ...
Nasdaq

Meta: Advertising Growth Soars While Betting Big on Future Tech

Last week, Meta (NASDAQ: META) made headlines due to the unveiling of several new products. Following the announcement, shares of Meta rose to a new all-time high. Since then, a slew of Wall Street ...