Meta Allegedly Profited by $16B From Scam Ads. US Senators Demand FTC, SEC Probe

Meta Allegedly Profited by $16B From Scam Ads. US Senators Demand FTC, SEC Probe

The lawmakers say Meta's platforms may be implicated in "about a third of all US scams" and linked to more than $50 billion in consumer losses last year.

Meta employees compared themselves to drug ‘pushers’ as company buried mental health harms to kids: unsealed docs

Meta’s own researchers called Instagram a “drug” while burying evidence that the company’s social media apps were hurting kids’ mental health, according to bombshell filings unsealed in California federal court on Friday.

TikTok and Instagram usage leading to brain rot, says APA study

The more short-form content a person watches on social media, the poorer their cognitive performance, the study found

US senators call for investigation of scam ads on Facebook and Instagram

Senators cited Reuters reporting that Meta itself estimated its platforms were involved in a third of all scams in the USUS senators Josh Hawley and Richard Blumenthal have asked the heads of the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to investigate revenue from ads on Facebook and Instagram that promote scams and banned goods.“The FTC and SEC should immediately open investigations and, if the reporting i…

Meta halted internal research suggesting social media harm, court filing alleges

Meta is alleged to have halted internal research suggesting social media harm, according to court documents.

Meta Buried 'Casual' Evidence Of Social Media Harm: US Court Filings

The allegation of Meta burying evidence of social media harms is just one of many in a late Friday filing by Motley Rice, a law firm suing Meta, Google, TikTok and Snapchat on behalf of school districts around the country.