Meta’s scam spiral

Meta’s scam spiral: Facebook and Instagram reportedly ran God only knows how many shady ads tied to scams from fake food giveaways to nonexistent golden retrievers. Internal docs say the company avoided cracking down to keep the $$$ flowing. JPMorgan says half of Zelle scam complaints lead straight back to Meta. Turns out “move fast and break things” meant “let’s break trust.”

Tags: complaints, Docs, Facebook, Instagram, Meta