TechFlow reports that on May 12, according to Bloomberg, Santa Clara County in California has filed a lawsuit against Meta, accusing it of “knowingly facilitating and profiting from billions of fraudulent advertisements” on Facebook and Instagram. The complaint states that these fraudulent ads have deceived elderly individuals and families, and that Meta tracked such ads. Tony LoPresti, Santa Clara County’s Counsel, said Meta earns approximately $7 billion annually from these ads.
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