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Reuters: Meta Memos Show $16 Billion in 2024 Revenue From 'High-Risk' Ads

Meta rejects the characterization as selective, citing recent integrity efforts that reduced reported fraud ads.

Overview

  • Internal documents reviewed by Reuters describe up to 15 billion daily impressions of ads flagged as high risk across Facebook, Instagram and WhatsApp.
  • The files outline a policy to block advertisers only when algorithms reach 95% confidence of fraud, with higher fees applied at lower confidence levels instead of removal.
  • The materials include projections of roughly $3.5 billion in revenue every six months from legally risky ads and internal models anticipating potential fines up to $1 billion.
  • A May 2025 security presentation estimated Meta platforms were involved in about one-third of successful scams in the United States.
  • Meta spokesperson Andy Stone called the figures approximate and overly broad, citing a 58% drop in global reports of fraudulent ads over 18 months and 134 million ad removals in 2025, alongside targets to cut scam ads in some markets.