Facebook’s parent company, Meta, has been ordered by a US court to provide details on how scammers use the social media platform to create scams ads as part of legal action by Dr Andrew Forrest. The WA mining billionaire has been doing battle with Facebook both here and in California for the last three years… Read more »
Scam ads are lucrative for scammers, but the money they steal from vulnerable people is also delivering plenty of cash to Mark Zuckerberg and his social media company Meta. The business behind Facebook, Instagram and WhatsApp has been named one of five “winners” in consumer group CHOICE’s annual Shonky Awards for trash products. The CHOICE… Read more »
The Australian and Consumer Competition Commission (ACCC) wants tougher regulations to tackle issues such as online scams, dodgy apps and fake reviews, putting the onus on major tech companies such as Meta and Google to address the harms caused to consumers, and small businesses. The ACCC’s fifth report in its five-year Digital Platform Services Inquiry proposes… Read more »
On the last day of his 11 years as chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims announced the commission is bringing a “world-first” claim against Meta (owner of Facebook) in the Federal Court for false or misleading conduct. The ACCC alleges Meta failed to take sufficient steps to stop displaying scam… Read more »
The Australian Consumer and Competition Commission (ACCC) has launched legal action against Facebook’s parent company, Meta, alleging the social media giant engaged in false, misleading or deceptive conduct by publishing scam advertisements featuring prominent Australians. The Federal Court case claims Facebook was in breach of the Australian Consumer Law (ACL) or the Australian Securities and… Read more »
Western Australian billionaire Andrew Forrest has lodged criminal proceedings against Facebook over cryptocurrency scam ads that used his name and image. Dr Forrest, chair of Fortescue Metals Group, and a major tech startup investor, has alleged that Facebook breached federal anti-money laundering laws by failing to remove the ads, which have been appearing on the… Read more »
The mining billionaire’s photo has been used by scammers in social media ads for cyptocurrencies Forrest is one of several high-profile Australians the scammers falsely claim back crypto schemes that cost those who’ve believed the ads millions of dollars Facebook says its doing its best to combat the fake ads Forrest wants governments around the… Read more »
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