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Report Claims Meta Earned $16 Billion in 2024 from Fraudulent Ads on Facebook and Instagram

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Meta Reportedly Made Billions from Fraudulent Ads Across Facebook and Instagram in 2024

A new report has alleged that Meta Platforms — the parent company of Facebook, Instagram, and WhatsApp — earned a significant portion of its 2024 revenue from fraudulent and prohibited advertisements. According to internal projections, about 10.1 percent of Meta’s total revenue for the year reportedly came from ads linked to scams and banned goods. The findings suggest that certain internal practices and oversight failures allowed these fraudulent ads to remain active on its platforms, despite clear violations of company policy and advertising regulations.

Citing internal company documents, Reuters reported that Meta failed to effectively detect or block deceptive advertising for a range of illegal or misleading products and services. These included fake e-commerce listings, fraudulent investment schemes, unlicensed online casinos, and even banned medical products. The issue reportedly persisted for at least three years across Meta’s major apps — Facebook, Instagram, and WhatsApp — raising concerns about the company’s ad moderation and accountability practices.

The internal projections also claimed that around $16 billion (approximately ₹1.41 lakh crore) of Meta’s total 2024 revenue stemmed from these fraudulent ad sources. The report further alleged that Meta was hesitant to remove or suspend accounts, even those identified internally as “the scammiest scammers.” Executives reportedly feared that taking strict action against these advertisers would lead to a noticeable decline in ad revenue, which could in turn impact the company’s heavy investments in artificial intelligence (AI) development and infrastructure.

These revelations have sparked fresh debate about Meta’s commitment to user safety and transparency in digital advertising. Critics argue that prioritizing profits over consumer protection undermines trust in its platforms, especially as users increasingly encounter scams disguised as legitimate promotions. While Meta has yet to issue a detailed public response to these allegations, the report adds pressure on the company to tighten its ad screening processes and demonstrate stronger ethical oversight in its rapidly expanding AI-driven advertising ecosystem.

Google Achieves First $100 Billion Quarter, Highlighting Success of AI Strategy

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Google has achieved a historic milestone by reporting its first-ever $100 billion quarter, posting revenues of $102.3 billion (roughly Rs. 9.06 lakh crore) for Q3 2025. This marks the first time the Mountain View-based tech giant has crossed the $100 billion threshold in a single quarter. CEO Sundar Pichai attributed this record-breaking growth to Google’s full-stack artificial intelligence (AI) strategy, which integrates AI across infrastructure, research, model development, tools, and both consumer- and enterprise-facing products.

Full-Stack AI Drives Record Growth

According to Google’s earnings report, the company’s AI-focused approach has been central to its success, contributing to 16 percent year-over-year (YoY) growth for parent company Alphabet. The company highlighted that its revenue surge came from multiple segments, including Google Search, YouTube ads, subscriptions, platforms and devices, as well as Google Cloud—all of which posted double-digit growth in the quarter.

Strong Performance Across Services and Cloud

Breaking down the numbers, Google Services recorded $87.1 billion (around Rs. 7.7 lakh crore) in revenue, reflecting a 14 percent YoY increase. Meanwhile, Google Cloud reported earnings of $15.2 billion (roughly Rs. 1.34 lakh crore), achieving an impressive 34 percent YoY growth. This demonstrates that Google’s AI investments are not only enhancing consumer-facing products but also driving substantial enterprise adoption and cloud growth.

Implications for the Tech Giant

This milestone underscores the success of Google’s strategy to embed AI throughout its ecosystem. By leveraging AI across search, advertising, cloud, and hardware platforms, the company is positioning itself for sustained growth and stronger competitive advantage in the rapidly evolving technology landscape. Analysts see this as a clear signal that AI is now a core driver of revenue and innovation for one of the world’s largest tech companies.

OpenAI Forms For-Profit Arm, Updates Microsoft Partnership With New AGI Agreement

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OpenAI Finalises For-Profit Transition and Strengthens Microsoft Partnership With AGI-Proof Agreement

OpenAI has taken a major step in its long-running restructuring process by completing the formation of its new for-profit entity — OpenAI Group Public Benefit Corporation (PBC). The entity will operate under the control of the non-profit OpenAI Foundation, marking a significant evolution in the company’s governance and capital structure. The move aims to streamline OpenAI’s ability to raise funds while maintaining its public-benefit mission amid growing demands for advanced artificial intelligence (AI) development.

OpenAI Group PBC Officially Established

In a detailed announcement, OpenAI confirmed that its recapitalisation process has concluded, allowing for a clearer separation between its non-profit oversight and for-profit operations. The OpenAI Foundation now directly holds equity in the newly established PBC, giving it access to a portion of the company’s capital while ensuring that the foundation maintains strategic control. This structure enables OpenAI to pursue high-impact projects without being bound by traditional non-profit fundraising limitations.

New Agreement With Microsoft Includes AGI Clause

Alongside this structural shift, OpenAI has signed a new agreement with Microsoft, its largest investor and cloud partner. The deal explicitly outlines conditions for their collaboration in the event OpenAI achieves artificial general intelligence (AGI) — a milestone that could fundamentally change the AI landscape. The revised terms aim to ensure continued cooperation between the two companies while clarifying ownership, control, and ethical responsibilities tied to AGI development.

Foundation to Invest in Health and Cybersecurity

With its new structure in place, the OpenAI Foundation will manage approximately $25 billion (around Rs. 2.2 lakh crore) in two primary focus areas — health and cybersecurity. The organisation intends to leverage AI to revolutionise diagnostics and treatment capabilities, while also developing stronger security frameworks to protect global AI infrastructure. This dual focus underscores OpenAI’s intent to balance innovation with societal benefit as it moves closer to achieving AGI.