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US Consumer Group Files Lawsuit Against Meta (META.US) Alleging Profiting from Scam Ads, Seeks Jury Trial
The Consumer Federation of America has filed a lawsuit in the Superior Court of the District of Columbia against Meta Platforms (META.US), launching a class action that alleges the...
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US Consumer Group Files Lawsuit Against Meta (META.US) Alleging Profiting from Scam Ads, Seeks Jury Trial
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The Consumer Federation of America has filed a lawsuit in the Superior Court of the District of Columbia against Meta Platforms (META.US)      , launching a class action that alleges the company profited from scam advertisements and misled users about its efforts to combat the issue. The plaintiff is seeking a jury trial and damages.

The complaint alleges that Meta knowingly sacrificed user safety and well-being to boost profits, and repeatedly downplayed publicly the risks posed by scam activities on its platforms. The plaintiffs cited a previous Reuters report on Metas internal documents, which stated that, according to Metas own estimates in 2024, the company displayed 15 billion high-risk scam advertisements to users daily, generating annualized revenue of USD7 billion. Meta had internally projected in 2024 that advertising related to scams and prohibited goods could account for approximately 10% of its total annual revenue, equivalent to USD16 billion.

Related NewsAPI Crude Oil Stock Change for Apr/17 in the United States is -4.400M, lower than the previous value of 6.100M. The forecast was -1M.
In response to the class action lawsuit, Meta issued a statement saying the allegations misrepresent the companys actual efforts and that it will defend itself vigorously. The company added that it is expanding advertiser verification measures and has begun prohibiting financial services-related advertisements from directing users to private messaging services. (fc/j)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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