Senators Investigate Meta's Profit from Scam Ads

Two U.S. senators demand federal investigations into Meta, alleging the company knowingly profits from scam advertisements on Facebook and Instagram. Despite Metas claims of reducing scam reports, the senators point to evidence suggesting Metas platforms are involved in a significant portion of U.S. scams, potentially costing consumers over $50 billion last year. The senators accuse Meta of consciously accepting fraudulent ads, despite cutting safety staff and investing in AI projects. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.