Meta earned more than $18B in annual ad sales from China in 2024, making up over 10% of its global revenue, with more than $3B linked to fraudulent ads, like for scams, an investigation by Reuters shows. Internal company documents show Meta wanted to minimize “revenue impact” caused by cracking down on the scams, according to the report.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- OPM launching US Tech Force to implement Trump’s ‘vision for tech leadership’
- ‘A Major Win for Big Tech,’ Wedbush Analyst Daniel Ives Says of Trump’s AI Executive Order
- Disney+ launches on Meta Quest headsets
- Tesla’s Board Earned a Staggering $3 Billion. Is This Extreme Pay Harming Oversight?
- NBIS Stock Forecast: 3 Reasons Nebius Could Rally Over 85%