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fromCity AM
1 week agoBanks push for tech giants to share scam ad costs
Social media platforms profit from scam advertisements but contribute nothing to fraud reimbursement costs borne by banks and payment firms.
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#meta #ad-fraud #online-fraud #social-media-accountability #economic-crime-levy #consumer-protection
fromBloomberglaw
2 months agoMeta Terms of Service Question in Scam Ad Suit Sent to 9th Cir.
Meta Platforms Inc. convinced a federal appeals court to certify a question about whether its terms of service and community standards created an obligation for the company to combat scam advertisements. Whether the terms of service and community standards impose a legally enforceable obligation on Meta is a question with substantial grounds for differing opinions, the US District Court for the Northern District of California said Thursday.
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