Meta earns fortune on fraudulent ads, internal documents show

Meta internally projected late last year that it would earn about 10 per cent of its overall annual revenue — or $16 billion — from running advertising for scams and banned goods, internal company documents show. A cache of previously unreported documents reviewed by Reuters also shows that the social-media giant for at least three years failed to identify and stop an avalanche of ads that exposed Facebook, Instagram and WhatsApp’s billions of users to fraudulent e-commerce and