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262 Meta projected $16 billion in scam ad revenue. Now the lawsuits are piling up.

The Next Web
Alina Maria Stan @ The Next Web · today 05:14 EDT

In short: Meta faces a convergence of lawsuits across the US, Australia, and the UK alleging the company knowingly profited from scam ads on Facebook and Instagram, with its own internal documents projecting that 10% of 2024 revenue, roughly $16 billion, came from fraudulent advertising. The cases span a $500 million pump-and-dump scheme, deepfake celebrity [
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