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The Independent UK
The Independent UK
Technology
Anthony Cuthbertson

Meta earns billions from ads for scams, report claims

Meta earns billions of dollars every year from running online advertising for scams and banned goods across Facebook, Instagram and other platforms, new documents have revealed.

The tech giant internally projected late last year that it would earn about 10 per cent of its overall annual revenue – or $16 billion – through fraudulent e-commerce and investment schemes, illegal online casinos, and the sale of banned medical products, Reuters reported.

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