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18.12.25 - 04:00
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Meta Chose Revenue Over Policing Chinese Scam Ads, Documents Show (ZeroHedge)
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Meta Chose Revenue Over Policing Chinese Scam Ads, Documents Show
Meta knowingly tolerated large volumes of fraudulent advertising from China to protect billions of dollars in revenue, a new investigation from Reuters unveiled this week. Internal documents show executives prioritized minimizing “revenue impact” over fully cracking down on scams, illegal gambling, pornography and other banned ads.
Although Meta platforms are blocked inside China, Chinese companies are allowed to advertise to users abroad, according to Reuters. That business grew rapidly, reaching more than $18 billion in revenue in 2024—about 11% of Meta's global sales. Internal estimates showed roughly 19% of that revenue, more than $3 billion, came from prohibited or fraudulent ads.
Meta documents reviewed by Reuters describe China as the company's top “Scam Exporting Nation,” responsible for roughly a quarter of scam ads worldwide. Victims ranged from U.S. and Canadian investors to consumers in Taiwan. An intern...
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10.12.25 - 16:00
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Futures Flat With Fed Rate Cut, Oracle Earnings On Deck (ZeroHedge)
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Futures Flat With Fed Rate Cut, Oracle Earnings On Deck
US equity futures are flat ahead of a Fed meeting where a rate cut is assured (the only question is whether it will be hawkish or dovish) and Oracle results later. As of 8:00am ET, S&P and Nasdaq 100 futures are unchanged, with Mag 7 stocks mixed in premarket trading (TSLA +0.5%, META -0.5%, AAPL -0.3%, NVDA -0.2%). Bond yields are mostly unchanged and the USD is flat ahead of the Fed. Commodities are mixed: oil added 0.2%; base metals are lower (copper -1.1%); silver added 0.6% this morning. It's a big day for capital markets, with SpaceX said to be moving ahead with plans for potentially the biggest IPO of all time and South Korean chipmaker SK Hynix exploring a possible New York share listing. US economic calendar includes 3Q employment cost index at 8:30am and the FOMC decision at 2:00pm.
In premarket trading, Mag 7 stocks are mixed (Tesla +0.3%, Nvidia +0.1%, Amazon -0.01%, Apple +0.08%, Microsoft -1.6%, Alphabet -0.7%, Meta -...
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11.11.25 - 08:06
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Meta faces scrutiny as 10% of 2024 revenue reportedly stems from scam ads (Digitimes)
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Meta's internal documents reveal that approximately 10% of the company's 2024 revenue—around US$16 billion—originates from fraudulent and prohibited advertisements, raising concerns over Meta's effectiveness in combating scams. The social media giant is accused of profiting by charging higher rates for suspicious ads instead of fully blocking them....
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09.11.25 - 14:36
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Why Meta Is the Stock to Watch This Earnings Season (24/7 Wall St.)
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What an earnings season it's been for mega-cap tech stocks. Earnings beats, guidance raises, and expectations of future revenue and profit growth led many of the most closely-watched tech giants to see some meaningful price appreciation following the release of their results. However, for investors in Meta Platforms (NASDAQ:META), the feeling likely couldn't have been further from ... Why Meta Is the Stock to Watch This Earnings Season
The post Why Meta Is the Stock to Watch This Earnings Season appeared first on 24/7 Wall St.....
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