Meta faces increasing scrutiny over widespread scam ads

Fox News

Published Yesterday @ 2:00 PM

President Trump's Take It Down Act is praised for combating fraudulent ads on Meta platforms. An alarming report revealed Meta allowed thousands of scam ads to run on Facebook and Instagram, generating complaints from major banks like JPMorgan Chase. The rise in scams is attributed to cryptocurrency schemes, AI-generated content, and criminal groups from Southeast Asia. Meta's efforts to combat fraud include new technologies and partnerships, but concerns about their effectiveness persist.