Meta’s Business Model Is Built on Fraud Let’s call this what it is: Meta is a fraud factory. According to internal documents reviewed by Reuters, as much as $16 billion a year — nearly 10% of Meta’s revenue — comes directly from scam ads and banned goods. Facebook is named in 85% of all scam reports where a platform is identified. And we’re not talking about harmless clickbait. These are investment scams, AI-generated celebrity endorsements, fake crypto schemes, and more — all of it bleeding real people dry. Meta’s internal data confirms that 70% of new advertisers are promoting scams, low-quality junk, or illicit products. Let that sink in: 7 out of every 10 new ad buyers on Meta's platforms…
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