@artos19.bsky.social
Facebook's parent Meta noticed that scams accounted for 10% of their revenue, more than expected fines. So, they decided to lay off much of their anti-fraud staff and not try too hard to prevent their their users from being ripped off (H/t Cory Doctorow).
www.reuters.com/investigatio...
www.reuters.com/investigatio...
Meta is earning a fortune on a deluge of fraudulent ads, documents show
Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, and it internally estimates that its platforms show users 15 billion scam ads a day, company documents show.
www.reuters.com
November 8, 2025 at 11:21 PM
Facebook's parent Meta noticed that scams accounted for 10% of their revenue, more than expected fines. So, they decided to lay off much of their anti-fraud staff and not try too hard to prevent their their users from being ripped off (H/t Cory Doctorow).
www.reuters.com/investigatio...
www.reuters.com/investigatio...
Uh oh. Some of us have seen this movie before. www.nytimes.com/2025/10/27/o...
Opinion | How Bad Is Finance’s Cockroach Problem? We Are About to Find Out.
www.nytimes.com
October 27, 2025 at 8:50 PM
Uh oh. Some of us have seen this movie before. www.nytimes.com/2025/10/27/o...