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How many fraudulent ads will Meta take down in Australia by the end of 2024?
2
Resolution / Starting Odds
Less than 5,000 • 25%
5,000 to 10,000 • 25%
10,001 to 15,000 • 25%
More than 15,000 • 25%
Meta's official announcements and third-party fraud analysis reports
Story
Meta Launches First-of-Its-Kind Partnership with UK Banks to Combat Fraud
Oct 2, 2024, 08:12 AM
Meta has announced a new, first-of-its-kind initiative to combat fraud on its social media platforms by partnering with UK banks. The company has taken down approximately 8,000 'celeb bait' scam ads from Facebook and Instagram. This effort is part of a broader data-sharing pact aimed at countering scams. Additionally, Meta is working with Australian banks on similar initiatives to address fraudulent advertisements.
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