Last year, Meta had to reckon with an ugly conclusion about its Chinese advertising customers: They were defrauding Facebook, Instagram and WhatsApp users worldwide.

Though China’s authoritarian government bans use of Meta social media by its citizens, Beijing lets Chinese companies advertise to foreign consumers on the globe-spanning platforms. As a result, Meta’s advertising business was thriving in China, ultimately reaching over $18 billion in annual sales in 2024, more than a tenth of the company’s global revenue.

But Meta calculated that about 19% of that money – more than $3 billion – was coming from ads for scams, illegal gambling, pornography and other banned content, according to internal Meta documents reviewed by Reuters.

  • Fokeu@lemmy.zip
    link
    fedilink
    English
    arrow-up
    13
    ·
    19 hours ago

    Are you illiterate? This post is about meta, an American company. Chinese involvement is meaningless for us in this case

    • chaogomu@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      17 hours ago

      To be fair, Chinese culture here is also fucking terrible. That doesn’t make Facebook or western countries good, because only a child thinks like that.

      No, everyone is shit. that’s the adult take away here.