META IS EARNING A FORTUNE ON A DELUGE OF FRAUDULENT ADS, DOCUMENTS SHOW

Summary from the TLDR Marketing newsletter

Meta earns billions from scam ads. 10% of its 2024 revenue (about $16 billion) was tied to fraudulent or banned ads. Users see 15B high-risk scam ads daily, and many suspicious advertisers remain active unless fraud is nearly certain, sometimes paying higher rates instead of being banned. Lenient policies, algorithmic amplification, and high-value accounts worsen the problem. Meta plans to gradually reduce this through measures like penalty bids.