Social media giant Meta expected about 10 percent of its 2024 revenue, roughly $16 billion, to come from running ads for scams and banned goods, according to internal projections reported by Reuters.

UK social media users remain at risk despite lower exposure, with over two in five finance-related Meta ads (43.36%) targeting Brits.

Manhattan District Attorney Alvin Bragg is pushing Meta to shut down Facebook and WhatsApp accounts that have been used to run investment scams against New Yorkers, adding state-level pressure to a ...

Meta disabled more than 150,000 accounts tied to Southeast Asia-based cyber scam centers. The global crackdown led to 21 arrests, the company said. Why it matters: These centers power many large-scale ...