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Meta projected in december 2024 that 10.1% of its annual ad revenue, or $16b, came from fraudulent ads, including $7b from “higher risk” ads — meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by reuters show Meta projected in december 2024 that 10.1% of its annual ad revenue, or $16b, came from fraudulent ads, including $7b from “higher risk” ads — meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by reuters show. Reuters reports internal documents expose meta acknowledging its pages are laced with scams
That 10 percent equates to around $16 billion, according to a document from december 2024. Mark zuckerberg's meta projected that 10 percent of its 2024 revenue, amounting to $16 billion, would come from ads for scams and banned goods, according to internal company documents reviewed by reuters. Is under fire for profiting significantly from fraudulent advertisements on its social media platforms, generating over $16 billion annually from scams
Internal meta documents show that 10% of the company's annual revenue in 2024, or about $16 billion, came from advertising fraudulent and prohibited products
The company blocks advertisers only when there is 95% certainty of fraud, charging higher rates for less certainty. Meta internally projected late last year that it would earn about 10% of its overall annual revenue – From running advertising for scams and banned goods, internal.
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