Santa Clara County, California, sued Meta Platforms Inc. over allegations that the company “knowingly facilitates and profits from billions of scam advertisements” on its social networks, including Facebook and Instagram. The complaint accuses the social networking giant of defrauding seniors and families with scam ads, which the company allegedly tracks. Meta makes approximately $7 billion in revenue each year from these kinds of ads, according to a statement from Tony LoPresti, the Santa Clara County counsel, who is bringing the lawsuit.
Meta's Muse Spark is the company's first AI model since the social media giant's previous initiatives, and analysts are optimistic about its potential.
Jurors agreed with New Mexico state prosecutor that Meta made false or misleading statements about child safety on its platforms. They also agreed that Meta engaged in 'unconscionable' trade practices which unfairly took advantage of children's vulnerability and inexperience.
