“Regulatory Theater”: Meta Created ‘Playbook’ To Obscure Scam Ads From Regulators, Avoid Forced Verification Last month Reuters revealed that roughly 10% of Meta’s annual revenue, or $16 billion, comes from advertising scams and banned goods – as the company only bans advertisers when its systems detect a 95% probability of fraud, while charging higher ad fees to suspicious buyers – a system critics describe as “pay to play.” Data from fraud-reporting firm SafelyHQ shows Facebook is cited in 85% of scam reports that identify a platform, with more than 50,000 verified complaints collected so far, which CEO Patrick Quade suggests an implied victim count… — Continue at ZeroHedge News : Read More
