Anyone who’s been on Facebook recently knows the platform is plagued by advertising and other posts from scammers and other frauds. But the massive scale of the issue is no surprise to parent company Meta, which allegedly estimated that 10 percent of its 2024 revenue—that’s $16 billion USD—came from advertising for known or suspected scammers.

A damning report from Reuters alleges that Meta executives are both aware of the problem and unlikely to take effective steps to stop it. Internal documents seen by the news outlet reportedly show that not only is the company tracking known and suspected scams spreading across Facebook, Instagram, and WhatsApp that shill online casinos, sexual services, or healthcare scams, but the company is also hesitant to crack down on them, which would reduce

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