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How many fraudulent ads will Meta take down in the UK by the end of 2024?
2
Resolution / Starting Odds
Less than 10,000 • 25%
10,000 to 20,000 • 25%
20,001 to 30,000 • 25%
More than 30,000 • 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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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Facial Recognition • 25%
AI-based Content Moderation • 25%
User Reporting System • 25%
Other • 25%
Acknowledges issue and takes action • 25%
Denies issue and takes no action • 25%
Acknowledges issue but takes no action • 25%
Denies issue but takes action • 25%
Less than 50% • 25%
50% to 75% • 25%
76% to 90% • 25%
More than 90% • 25%
Yes • 50%
No • 50%
No action taken • 25%
Fines imposed • 25%
Policy changes mandated • 25%
Other regulatory actions • 25%
Yes • 50%
No • 50%
