US senators call for investigation of scam ads on Facebook and Instagram

Hawley and Blumenthal cite Reuters reporting that Meta estimated platforms were involved in third of all US scamsUS senators Josh Hawley and Richard Blumenthal have asked the heads of the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to investigate revenue from ads on Facebook and Instagram that promote scams and banned goods.“The FTC and SEC should immediately open investigations and, if the reporting is accurate, pursue vigorous enforcement action where