Honey badger don’t care! – Meta realized Facebook scams are great for share prices?

We have well documented several scammers, fraudsters, and impersonators using sponsored ads on Meta/Facebook to advertise their scams.

Why isn’t Meta on top of this?

Meta has been laying people off for years.

It takes a well-staffed trust and safety team to truly keep Meta users safe. The fact that scammers are using Meta advertising should be embarrassing and concerning to every Meta shareholder.

Meta advertising costs to advertisers have gone up in recent years.

Scammers are driving up demand to get in front of Meta users. Legitimate companies are paying a premium to compete with this.

Scammers good for business?

The lack of proper oversight of the cash cow revenue generating sector of the company is presumably making Meta more money. If Meta were to actually spend the money to crack down on scammers using advertising, they would then lose money two-fold. You could assume that they’d rather turn a blind eye to this. But for how long?

If you believe you have been the victim of a scam related to Meta advertising, Contact Parker Waichman LLP For A Free Case Review.