Meta estimates that it earns 10% of its revenue from scams, report says
1. Meta projected $16 billion from fraudulent ads, 10% of revenue. 2. Failure to protect users from illegal ads for three years. 3. Meta only deactivates accounts at 95% fraud certainty. 4. Company claims 58% reduction in user reports of scam ads. 5. Over 134 million scam ads removed in past 18 months.