Australia’s competition watchdog has filed a lawsuit against Facebook (now known as Meta) alleging that the social media giant failed to prevent scammers promoting fake ads on its platform.
Australia’s competition watchdog has filed a lawsuit against Facebook alleging that the social media giant failed to prevent scammers promoting fake ads on its platform.that the Australian Competition & Consumer Commission has filed a lawsuit against Facebook alleging that the social media giant failed to prevent scammers from using its platform to promote fake ads to unsuspecting users.
ACCC chair Rod Sims stated: “The essence of our case is that Meta is responsible for these ads that it publishes on its platform. It is alleged that Meta was aware … scam ads were being displayed on Facebook but did not take sufficient steps to address the issue.” The ACCC stated that the ads used images featuring Australian business leaders, TV hosts and politicians and linked to fake news articles including fake quotes from the Australian personalities with the aim of having users deposit funds into fake schemes
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