Internally, #Meta has made plans to reduce the #fraud on the platform, but the effort is being slow-walked because the company estimates that the most it will ultimately pay in fines worldwide ads up to $1 billion, while it currently books $7 billion/year in revenue from fraud. The memo announcing the anti-fraud effort concludes that #ScamRevenue dwarfs “the cost of any regulatory settlement involving scam ads.”

(3/4)

Internally, #Meta has made plans to reduce the #fraud on the platform, but the effort is being slow-walked because the company estimates that the most it will ultimately pay in fines worldwide ads up to $1 billion, while it currently books $7 billion/year in revenue from fraud. The memo announcing the anti-fraud effort concludes that #ScamRevenue dwarfs “the cost of any regulatory settlement involving scam ads.”

(3/4)