Meta tolerates rampant ad fraud from China to safeguard billions in revenue
- A Reuters investigation reveals the owner of Facebook, Instagram and Whatsapp decided to accept high levels of fraudulent advertisements from China.Internal company documents show Meta wanted to minimize "revenue impact" caused by cracking down on the scams.
REUTERS/Illustration/Catherine Tai Meta’s “Trusted Experts” helped me run scam ads on Facebook and Instagram
A Reuters reporter created ads promising unrealistic investment returns and easily placed them on Meta's social media platforms.
A Tesla Model S is parked in front of Oslofjorden, Oslo, Norway, April 9, 2025. REUTERS/Marie Mannes Tesla shares hit their highest in nearly a year on Monday after CEO Elon Musk said the electric-vehicle maker was testing its robotaxis without safety monitors in the front passenger seat.
Between 2018 and 2020, the average Tesla director received a total of about $12 million in cash-and-stock compensation. That was about eight times as much as the average director at Alphabet, the next highest-paid among the "Magnificent Seven" companies.
Kyiv is under intense pressure from Trump to make concessions to Russia.
Exclusive: Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move
Nasdaq is planning to submit paperwork with the U.S. Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for U.S. equities.
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