Meta estimates that it earns 10% of its revenue from scams, report says
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Summary: These fraudulent ads purport to offer a product or service that isn't actually real, and may be intended to solicit payments from less savvy users.
In Brief
Last year, Meta projected that 10% of its overall annual revenue — $16 billion — would come from fraudulent advertisements on its apps, according to a report from Reuters.
The documents accessed by Re
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