The Consumer Federation of America has initiated a class-action lawsuit against Meta in Washington, D.C., claiming that Meta projected approximately $16 billion in annual revenue from advertisements related to scams and banned goods in 2024. According to NS3.AI, the complaint aims to recover damages and illegal profits, asserting that Meta generated around $7 billion in annualized revenue from a 'high risk' ad category. Meta has refuted these allegations and stated its intention to contest the lawsuit.
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Meta Faces Class-Action Lawsuit Over Alleged Revenue from Scam Ads
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