How Meta Is Making Billions From Scam Advertising
It seems like Meta just can’t lose. The Facebook parent company won a huge victory in court this week. The federal government was claiming Meta was too massive after acquiring Instagram and WhatsApp, and wanted to force the company to spin off those platforms. But a federal judge disagreed.
And that means, Meta will continue to make a ton of money from scam ads on those platforms.
Reuters reporter Jeff Horwitz received leaked documents from inside Meta where employees estimated that last year its platforms served up 15 billion scam ad impressions every day, totalling about $16 billion…
The skinny
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