Australian watchdog sues Meta over scam advertisements
2 years, 9 months ago

Australian watchdog sues Meta over scam advertisements

The Hindu  

Australia's competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The The lawsuit filed in the Federal Court also alleges Facebook "aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers," the ACCC said in a statement. The ACCC said the ads used images of several Australian business leaders, TV hosts and politicians and contained links to fake media articles that included quotes attributed to the personalities. Australian iron ore magnate Andrew Forrest, chairman of Fortescue Metals Group, launched criminal proceedings against Facebook last month over scam ads, including ones using his image to promote cryptocurrency schemes.

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History of this topic

Tech giants like Meta, Google to be forced to pay for Australian news
Trending News
1 week, 5 days ago

Tech giants like Meta, Google to be forced to pay for Australian news

CNN  

Sydney Reuters — Australia plans new rules to “create a financial incentive” for big tech firms to pay Australian media companies for news content on their platforms, Assistant Treasurer and Minister for Financial Services Stephen Jones announced on Thursday. The move, described as a “news bargaining initiative,” piles pressure on global tech giants like Facebook-owner Meta Platforms and Google to …

Meta tightens ad rules to curb financial scams aimed at Australians
3 weeks, 1 day ago

Meta tightens ad rules to curb financial scams aimed at Australians

The Hindu  

Instagram and Facebook-owner Meta Platforms said on Monday it had introduced stricter rules for advertisers of financial products and services targeting Australians, in a bid to crack down on scams on the social media platforms. The move comes after Meta in October said it took down 8,000 so-called "celeb bait" ads, as part of an effort with Australian banks to …

Meta responds to deepfake celebrity scam pressure by announcing new rules for financial advertisers
3 weeks, 1 day ago

Meta responds to deepfake celebrity scam pressure by announcing new rules for financial advertisers

ABC  

Meta has bowed to pressure to tackle deep fake images of public figures and celebrities by bringing in new advertising rules to target scammers. Earlier this year, Assistant Treasurer Stephen Jones wrote on X that "Meta needs to step up and do more to stop the proliferation of scammers on its platforms". However, Meta says this may vary depending on …

Meta is hit with £664million EU fine for 'abusive' facebook breaches
1 month, 1 week ago

Meta is hit with £664million EU fine for 'abusive' facebook breaches

Daily Mail  

The EU has slapped Meta with a £664million fine for engaging in 'abusive' Facebook Marketplace practices. Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers. It did so to benefit its own service Facebook Marketplace, thereby giving it advantages that other online …

Meta fined 800 million euros by the EU for antitrust violations in classified ads practices
1 month, 1 week ago

Meta fined 800 million euros by the EU for antitrust violations in classified ads practices

Firstpost  

The EU alleges that Meta’s actions were designed to give Facebook Marketplace an unfair edge that other online classified ad services simply couldn’t compete with The 798 million euro penalty is Meta’s first major antitrust fine, following a previous 110 million euro fine in 2017 for misleading the EU's investigation into its WhatsApp acquisition. File Image Meta has been hit …

'A high school student': Attorney for Matt Gaetz's alleged victim claims to have witnesses
Trending News
1 month, 1 week ago

'A high school student': Attorney for Matt Gaetz's alleged victim claims to have witnesses

Raw Story  

"This is illegal under EU antitrust rules. - 'Abusive practices' - Detailing what it termed "abusive practices" by Meta, the commission said that because Facebook Marketplace was tied to Facebook, the former enjoyed a "substantial distribution advantage which competitors cannot match." "All Facebook users automatically have access and get regularly exposed to Facebook Marketplace whether they want it or not," …

EU fines Meta $840 million for 'abusive' Facebook ad practices
Top News
1 month, 1 week ago

EU fines Meta $840 million for 'abusive' Facebook ad practices

Raw Story  

The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace. - 'Abusive practices' - Detailing what it termed "abusive practices" by Meta, the commission said that because Facebook Marketplace was tied to Facebook, the former enjoyed a "substantial …

EU slaps Meta with 798M euros fine for breaching antitrust norms
1 month, 1 week ago

EU slaps Meta with 798M euros fine for breaching antitrust norms

Firstpost  

The fine is the latest in a string of hefty penalties the commission, the regulator for the 27-nation European Union, has imposed against Big Tech companies over their practices in recent years – and ranks among the 10 largest antitrust fines The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users …

Europe fines Meta $840 million over practices benefiting Facebook Marketplace
1 month, 1 week ago

Europe fines Meta $840 million over practices benefiting Facebook Marketplace

CNN  

The European Union has fined Meta Platforms €798 million over what it called abusive practices benefiting Facebook Marketplace. “The European Commission has fined Meta … for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers,” the EU’s …

Meta fined 798 million euros ($846m) for breaking EU antitrust rules
1 month, 1 week ago

Meta fined 798 million euros ($846m) for breaking EU antitrust rules

Al Jazeera  

EU says Meta automatically ties its ad service – Facebook Marketplace – to Facebook, creating an unfair advantage. The European Union has hit technology giant Meta with a fine just shy of 800 million euros for what it called “abusive practices” involving its Facebook Marketplace online classified ads business. The advantage stems from Meta automatically tying its ad service – …

Competition watchdog accepts Meta ad data rule changes
4 months ago

Competition watchdog accepts Meta ad data rule changes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s competition watchdog says …

Polish billionaire plans to sue Meta over fake advertisements
4 months, 1 week ago

Polish billionaire plans to sue Meta over fake advertisements

The Hindu  

Polish billionaire Rafal Brzoska and his wife plan to sue Meta over fake Brzoska said they have not yet decided on a jurisdiction to file the planned lawsuit, which would be another in a series of attempts globally to hold the internet giant accountable for ads that keep appearing even after users inform the company about problems. A Meta spokesperson …

Meta accused of breaking European law with its ‘pay or consent’ model
5 months, 3 weeks ago

Meta accused of breaking European law with its ‘pay or consent’ model

CNN  

London CNN — Facebook parent Meta has been accused of breaking Europe’s new digital competition rules over its “pay or consent” advertising model. The European Commission said in a statement Monday that, in its preliminary view, “this binary choice forces users to consent to the of their personal data and fails to provide them a less personalized but equivalent version …

Australian victim of fraud syndicate advertising on Facebook on a mission to stop others being burned
8 months, 1 week ago

Australian victim of fraud syndicate advertising on Facebook on a mission to stop others being burned

ABC  

Over months of daily calls, fake balance sheets and racing to the ATM in a panic, Deb lost her superannuation and savings to scammers. But once she was convinced to upgrade to the $25,000 Silver Plan, that's when "the scam really started", Deb said. But they said stopping the growth of investment scams required "a whole-of-financial system response" which included …

Charges against Meta sparked by Andrew Forrest over false cryptocurrency ads on Facebook discontinued
8 months, 1 week ago

Charges against Meta sparked by Andrew Forrest over false cryptocurrency ads on Facebook discontinued

ABC  

In short: Criminal charges against Meta for publishing scam cryptocurrency ads featuring Andrew Forrest have been discontinued in a Perth court. Criminal charges against Meta for publishing scam cryptocurrency ads featuring Andrew Forrest have been discontinued in a Perth court. Criminal charges brought against Meta instigated by one of Australia's richest people Andrew Forrest over fraudulent Facebook cryptocurrency ads have …

Facebook let Netflix see user DMs, was planning to start own streaming service, claims lawsuit
8 months, 3 weeks ago

Facebook let Netflix see user DMs, was planning to start own streaming service, claims lawsuit

Firstpost  

Meta, whose reputation in safeguarding its customer’s user data and privacy has been shaky at best may be facing a massive trouble. Image Credit: AFP In what may be the single biggest breach of public trust by Mark Zuckerberg-led Meta, Facebook let Netflix see users DMs to help them better programme content, a lawsuit has revealed. In a startling revelation, …

Meta is ending its deals to pay for Australian news content. This is how it could change your Facebook and Instagram feeds
9 months, 3 weeks ago

Meta is ending its deals to pay for Australian news content. This is how it could change your Facebook and Instagram feeds

ABC  

If you ever get your daily news fix by scrolling through Facebook and Instagram, you may soon be seeing a whole lot less. "The number of people using Facebook News in Australia and the US has dropped by over 80 per cent last year," Meta said in a statement. Professor Martin said we have already seen dangerous deep fake videos …

Social media platforms and search engines still littered with scam ads – Which?
10 months ago

Social media platforms and search engines still littered with scam ads – Which?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Social media platforms and search …

Facebook must face $3.8 bln UK mass action over market dominance, tribunal rules
10 months, 1 week ago

Facebook must face $3.8 bln UK mass action over market dominance, tribunal rules

The Hindu  

Facebook must face a collective lawsuit valued at around 3 billion pounds over allegations the social media giant abused its dominant position to monetise users' personal data, a London tribunal ruled on Thursday. Legal academic Liza Lovdahl Gormsen, who is bringing the case on behalf of around 45 million Facebook users in the UK, says they were not properly compensated …

Spanish newspaper association files multimillion-euro suit against Meta over advertising practices
1 year ago

Spanish newspaper association files multimillion-euro suit against Meta over advertising practices

Associated Press  

MADRID — A Spanish association representing more than 80 newspapers has filed a lawsuit against Facebook parent Meta accusing it of unfair competition in online advertising by allegedly ignoring European Union rules on data protection. The association accuses Meta of “systematic and massive non-compliance” with EU data protection regulations between May 2018, when they took force, and July 2023. The …

Fake celebrity scam ads hijack Facebook accounts to target Australians
1 year, 1 month ago

Fake celebrity scam ads hijack Facebook accounts to target Australians

ABC  

Scammers are using multinational brands — including a food delivery company and beloved character Paddington Bear — in a bid to steal money from Australian Facebook users. The ABC has found many examples of corporate Facebook pages being hijacked to push fake scam ads, featuring celebrities like David Koch, Richard Wilkins and Sonia Kruger, politicians including Prime Minister Anthony Albanese …

Meta sued by 33 US states for damaging children's mental health, causing depression, anxiety, insomnia
1 year, 1 month ago

Meta sued by 33 US states for damaging children's mental health, causing depression, anxiety, insomnia

Firstpost  

Meta’s Instagram is getting sued by a coalition of 33 states for intentionally damaging children’s mental health, causing depression, anxiety, insomnia using their algorithms. The lawsuit accusing the tech giant of exploiting young users for profit and exposing them to harmful content Meta Platforms, the parent company of social media giants Instagram and Facebook, has found itself embroiled in a …

Meta offers to limit use of ad data to address U.K. competition concerns
1 year, 6 months ago

Meta offers to limit use of ad data to address U.K. competition concerns

The Hindu  

Britain's competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses' advertising data for its Facebook Marketplace service to address the regulator's competition concerns. The Competition and Markets Authority said it was minded to accept the commitments, which include advertisers being able to opt out of allowing their data to be used …

Facebook scam! Fake verified profiles impersonating are stealing users’ data
1 year, 7 months ago

Facebook scam! Fake verified profiles impersonating are stealing users’ data

Live Mint  

A new Facebook scam has come into the spotlight. Social media expert Matt Navarra has shared a screenshot that shows a fake message received from a verified account impersonating as ‘Meta Ads’. Verified account impersonating Meta tricking users into downloading shady tools,” reads Navarra’s tweet. Navarra has shared another screenshot of a message received from a fake but verified account …

Meta rolls out long-sought tools to separate ads from harmful content
1 year, 8 months ago

Meta rolls out long-sought tools to separate ads from harmful content

The Hindu  

Meta Platforms Inc. said on Thursday it is now rolling out a long-promised system for advertisers to determine where their ads are shown, responding to their demands to distance their marketing from controversial posts on Facebook and Instagram. Meta also will provide a report via advertising measurement firm Zefr showing Facebook advertisers the precise content that appeared near their ads …

Meta explores ban on political ads in Europe
1 year, 8 months ago

Meta explores ban on political ads in Europe

The Hindu  

Meta Platforms Inc. executives are discussing a company-wide ban on political advertising in Europe due to concerns that Facebook and Instagram will be unable to comply with upcoming EU regulations targeting online campaigns, the Financial Times reported on Thursday. The proposed rules require U.S. tech giants to provide more data on their targeted political ads, with fines up to 4% …

$3.7 billion UK mass action against Facebook over market dominance rejected for now
1 year, 10 months ago

$3.7 billion UK mass action against Facebook over market dominance rejected for now

The Hindu  

Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds over allegations the social media giant abused its dominant position to monetise users' personal data. Legal academic Liza Lovdahl Gormsen, who is bringing the case, says Facebook users were not properly compensated for the value of personal data they had to provide to use …

Facebook seeks to block $3.7 billion UK mass action over market dominance
1 year, 10 months ago

Facebook seeks to block $3.7 billion UK mass action over market dominance

The Hindu  

Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds over allegations that the social media giant abused its dominant position to monetise users’ personal data. Lovdahl Gormsen’s lawyers on Monday asked the Competition Appeal Tribunal to certify the case under the UK’s collective proceedings regime – which is roughly equivalent …

EU accuses Meta of antitrust breaches with classified ads
2 years ago

EU accuses Meta of antitrust breaches with classified ads

Associated Press  

The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies. In its complaint following an investigation launched last year, the EU’s executive commission took issue with the tech company tying its online classified ad business, Facebook …

When activists look like pawns in a war against Meta
2 years, 2 months ago

When activists look like pawns in a war against Meta

Live Mint  

The Wire, a website that identifies as a news portal, was a victim of a prank this month. It appears that someone or some group made up a story that some activists in India are conditioned to buy—that the social media giant Meta, formerly known as Facebook Inc, is in cahoots with the Indian government. What happened was that The …

Meta sues certain firms for allegedly scraping data of over 3,50,000 Instagram users
2 years, 5 months ago

Meta sues certain firms for allegedly scraping data of over 3,50,000 Instagram users

The Hindu  

Meta Platforms Inc. said on Tuesday that it filed separate actions in federal court against a company and an individual for scraping data from its social media platforms Facebook and Instagram. The company called Octopus is a U.S. subsidiary of a Chinese national high-tech enterprise that offers scraping services, and the individual Ekrem Ateş, used automated Instagram accounts to scrape …

Meta Made Millions in Ads From Networks of Fake Accounts
2 years, 6 months ago

Meta Made Millions in Ads From Networks of Fake Accounts

Wired  

When Meta’s Mark Zuckerberg was called to testify before Congress in 2018, he was asked by Senator Orin Hatch how Facebook made money. Zuckerberg’s answer has since become something of a meme: “Senator, we run ads.” Between July 2018 and April 2022, Meta made at least $30.3 million in ad revenue from networks it removed from its own platforms for …

Social media hammered by mounting questions over advertising
2 years, 6 months ago

Social media hammered by mounting questions over advertising

Associated Press  

Social media has had a rough 2022 with lingering questions about advertising spending, political ads and a $44 billion takeover of Twitter that may or may not be happening, depending on which Elon Musk tweet you read. Social media companies are competing for the same pool of advertising money that is increasingly under threat from spiking inflation and also changes …

Andrew 'Twiggy' Forrest launches criminal proceedings against Facebook over false cryptocurrency advertisements
2 years, 10 months ago

Andrew 'Twiggy' Forrest launches criminal proceedings against Facebook over false cryptocurrency advertisements

ABC  

Australian billionaire mining magnate Andrew 'Twiggy' Forrest has launched criminal proceedings against social media giant Facebook, alleging the company has breached Australia's money laundering laws by failing to prevent false cryptocurrency Key points: Andrew 'Twiggy' Forrest alleges Facebook was "criminally reckless" by failing to take down false cryptocurrency scam He says he was motivated to launch proceedings to protect everyday …

Facebook-owner Meta sets out grounds for UK appeal on Giphy
2 years, 11 months ago

Facebook-owner Meta sets out grounds for UK appeal on Giphy

The Hindu  

Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising. Meta said last month it had lodged an appeal against the decision by the Competition and Markets Authority to block its 2020 acquisition of Giphy. The U.S …

Facebook whistleblower says tech company focusing on developing metaverse instead of fixing existing problems
3 years, 1 month ago

Facebook whistleblower says tech company focusing on developing metaverse instead of fixing existing problems

Firstpost  

Asked if Zuckerberg should step down, whistleblower Frances Haugen said: “I think Facebook would be stronger with someone who’s willing to focus on safety, so yes.” Whistleblower Frances Haugen issued a stinging rebuke of Facebook’s “Meta” rebrand on Monday, accusing the company of yet again prioritising expansion over people’s safety. Speaking at the Web Summit tech conference in Lisbon, Haugen …

Facebook faces year of reckoning after showdown in Australia
3 years, 10 months ago

Facebook faces year of reckoning after showdown in Australia

Live Mint  

Facebook Inc.’s brief but tempestuous standoff with the Australian government over a world-first pay-for-news law is only the start of a string of regulatory battles that the world’s biggest social network faces in 2021. Mark Zuckerberg started the year on the offensive, blocking news across Rupert Murdoch’s home turf of Australia to fend off demands that Facebook pay media companies …

Facebook’s Zuckerberg reached out to Australian lawmakers over new media rules
3 years, 10 months ago

Facebook’s Zuckerberg reached out to Australian lawmakers over new media rules

The Hindu  

Facebook Inc CEO Mark Zuckerberg called Australian lawmakers last week to discuss rules that would make internet giants pay news outlets for content but failed to persuade them to change policy, the country's Treasurer said on Sunday. Zuckerberg "reached out to talk about the code and the impact on Facebook" and a constructive discussion followed last week between the social …

U.S. asks Australia to scrap proposed laws to make Facebook, Google pay for news
3 years, 11 months ago

U.S. asks Australia to scrap proposed laws to make Facebook, Google pay for news

The Hindu  

The U.S. government has asked Australia to scrap proposed laws that will make it the first country in the world to force Facebook Inc and Alphabet Inc's Google to pay for news sourced from local media outlets. In a submission asking the government to "suspend" the plans, assistant U.S. trade representatives Daniel Bahar and Karl Ehlers, suggested Australia instead "further …

Australia says Google and Facebook draft laws fair, critical for media future
4 years ago

Australia says Google and Facebook draft laws fair, critical for media future

The Hindu  

Australian Competition and Consumer Commission Chairman Rod Sims said proposed laws that will make Australia the first country in the world to force Google and Facebook to pay for news were fairand critical for the survival of the media industry. Some media organisations, meanwhile, are unhappy that the code includes a "two-way value exchange" when deciding commercial agreements, which requires …

Australia sues Facebook over user data, echoing U.S. antitrust case
4 years ago

Australia sues Facebook over user data, echoing U.S. antitrust case

The Hindu  

An Australian regulator sued Facebook Inc on Wednesday accusing it of collecting user data without permission, building on government efforts around the world to rein in the social network. The lawsuit echoes a landmark U.S. Federal Trade Commission action accusing the social media giant of inappropriately maintaining market dominance by using customer data to decide on takeover targets including messaging …

AGs' Lawsuit Accuses Facebook Of Gobbling Up Competitive Threats
4 years ago

AGs' Lawsuit Accuses Facebook Of Gobbling Up Competitive Threats

NPR  

AGs' Lawsuit Accuses Facebook Of Gobbling Up Competitive Threats NOEL KING, HOST: Facebook crushes the competition. When you're a business like Facebook and you, essentially, dominate an entire field that means so much to people today, particularly in a global pandemic and a public health emergency, when we rely so much on technology to stay in touch with our friends, …

Facebook antitrust lawsuit: Dozens of states and the FTC sue company for alleged anticompetitive behavior
4 years ago

Facebook antitrust lawsuit: Dozens of states and the FTC sue company for alleged anticompetitive behavior

CNN  

CNN Business — Dozens of states and the federal government sued Facebook on Wednesday in twin antitrust lawsuits, alleging that the social media giant has abused its dominance in the digital marketplace and engaged in anticompetitive behavior. Wednesday’s legal action makes Facebook the second global tech company to be taken to court by US and state government officials this year …

Facebook to block news on Australian sites after new law, riling lawmakers
4 years, 3 months ago

Facebook to block news on Australian sites after new law, riling lawmakers

The Hindu  

Facebook Inc on Tuesday said it would stop Australians sharing news content on its platforms if a proposal to make it pay local media outlets for their content becomes law, escalating tension with the Australian government. “Assuming this draft code becomes law, we will reluctantly stop allowing publishers and people in Australia from sharing local and international news on Facebook …

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