Matcha Meta lost $16.8M in a SwapNet exploit. South Korean authorities also reported $48M in crypto phishing losses.

Social media giant Meta expected about 10 percent of its 2024 revenue, roughly $16 billion, to come from running ads for scams and banned goods, according to internal projections reported by Reuters.

Meta projected that 10% of its overall sales in 2024, or about $16 billion, came from running online ads for scams and banned goods, according to a Thursday report from Reuters. That included ads for ...

Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods, internal company documents ...

Meta projected about $16 billion in revenue would come from ads for scams and banned goods. Internal docs estimate 15 billion “higher-risk” scam ads are shown daily. An internal review concluded it’s ...