Tag: Instagram

Meta Platforms is brazenly profiting from a torrent of fraudulent advertisements, prioritizing revenue over user safety and regulatory compliance. A Reuters investigation exposes that Meta projected 10% of its 2024 revenue—approximately $16 billion—from ads promoting scams and banned goods, while serving users an estimated 15 billion high-risk scam ads daily.

Social media is a powerful marketing tool, and influencers are the name of the game. The best influencers on Instagram and TikTok earn millions. Regulated financial institutions and scammers deploy influencers to chase after clients and victims, respectively. Lately, the UK FCA has taken action against Freetrade and ordered the regulated broker to remove all paid-for sponsored influencer advertisements and posts across all social media platforms, including without limitation Instagram, TikTok, Facebook, and YouTube.

FinTelegram has focused on fighting fraudulent marketing campaigns in the crypto space in recent weeks that are used to trap victims for illegally operating brokers. Google UK & Ireland has already shut down the promotion of such campaigns by tightening the condition of financial ads. Last week, the German BaFin issued a Cease and Desist Order against Bitcoin Revolution. Today, the Spanish CNMV issued a warning against Bitcoin Evolution. It's going in the right direction, but it's not enough.

Meta Platforms, Inc. is the new name of Mark Zuckerberg's company that operates the world's largest social media platforms, Facebook and Instagram, as well as the messenger service WhatsApp. Currently, the META Token is being sold via the Meta ICO website with the logo of Zuckerberg's company and a picture of Mark Zuckerberg, labeled as the founder. A total of 15 million META tokens are expected to be sold in the pre-sale. Stay far away; this is a scam and has nothing to do with Zuckerberg.