Meta Accused of ‘Knowingly’ Generating $16,000,000,000 From Scam Ads
The Consumer Federation of America (CFA) has filed a class-action lawsuit against Meta Platforms, accusing the social media giant of failing to protect users from scam advertisements. The CFA, an association of non-profit consumer organizations, is seeking to recover damages and illegal profits after filing the Superior Court lawsuit in Washington, D.C. “Meta claims it is doing all it can to crack down on scam advertising on its platforms. But in reality, Meta has knowingly taken steps and adopted policies that pad its bottom line at the expense of its users’ safety and well-being. In fact, rather than prohibiting advertisers who the company itself has determined pose a higher risk to its users (as other tech companies like Google have), Meta just charges these advertisers more.” The lawsuit claims Meta is raking in billions of dollars annually through scam ads. “Meta earns roughly $7 bi
Source: https://dailyhodl.com/2026/04/23/meta-accused-of-knowingly-generating-16000000000-from-scam-ads/
