Business

Facebook’s parent company, Meta, wins ‘Shonky’ award for not tackling scam ads

- November 13, 2024 4 MIN READ

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 »

Gina Cass-Gottlieb
Politics

The ACCC wants tougher controls over tech titans Meta, Google, Apple and Amazon to tackle scams and fraud

- November 14, 2022 3 MIN READ

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 »

Business

Competition watchdog the ACCC joins Andrew Forrest in suing Facebook over celebrity scam ads

- March 18, 2022 3 MIN READ

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 »

Andrew Forrest
Global tech

Andrew Forrest launches legal action against Facebook over cryptocurrency scam ads

- February 3, 2022 2 MIN READ

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 »