Technologies
Meta Allegedly Profited by $16B From Scam Ads. US Senators Demand FTC, SEC Probe
The lawmakers say Meta’s platforms may be implicated in «about a third of all US scams» and linked to more than $50 billion in consumer losses last year.
US Senators Josh Hawley and Richard Blumenthal are calling for an investigation into Meta over its alleged role in profiting from scam-laden advertisements on Facebook and Instagram. The demand follows a Reuters investigation reportedly based on internal Meta documents that estimated that nearly 10% of Meta’s 2024 revenue — about $16 billion — came from alleged «illicit advertising.»
In a letter to the Federal Trade Commission and the Securities and Exchange Commission, the lawmakers urged regulators to «immediately open investigations and, if the reporting is accurate, pursue vigorous enforcement action … to force Meta to disgorge profits, pay penalties and agree to cease running such advertisements.»
One document reportedly alleged that Meta earned $3.5 billion in just six months from what it classified as «higher-risk» scam ads.
The same internal records reportedly suggested that many ads allegedly violating fraud rules were permitted to run because they «did not apply to many ads… [that staff] believed ‘violated the spirit’ of its rules against scam advertising.»
Meta denies all of these allegations.
Read also: Meta’s All In on AI Creating the Ads You See on Instagram, Facebook and WhatsApp
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Why this matters for you
The scale of this alleged fraud raises serious concerns about Meta’s business model. Many question whether the company is doing enough to police its ad ecosystem, given that a major revenue stream appears to be tied to deceptive or outright fraudulent campaigns.
The senators allege that Meta’s lax enforcement — combined with the continued presence of gambling ads, payment scams, political deepfakes and other dangerous content in its public Ad Library — underscores significant risks.
In their letter, Hawley and Blumenthal highlighted that reducing reports of scam ads by 58% over 18 months — as Meta says — may not tell the whole story. They pointed to broader trends that, according to their own reading of the documents, Meta’s platforms may be allegedly implicated in «about a third of all US scams» and linked to more than $50 billion in consumer losses last year.
Read more: What Is Meta AI? Everything to Know About These AI Tools
What Meta is saying
Meta responded defensively to this call for investigation.
Meta spokesman Andy Stone criticized the senators’ allegations as «exaggerated and wrong,» insisting that the company «aggressively fights fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.»
Ongoing misinformation on Meta platforms
Among the more provocative allegations is that some of the scam ads impersonate government figures or political leaders. The senators point to specific examples, including a bogus advertisement that falsely claimed President Donald Trump was offering $1,000 to food assistance recipients.
They also raise concerns that foreign cybercrime groups based in countries such as China, Sri Lanka, Vietnam and the Philippines could be behind many of the scam campaigns.
In general, the senators’ push for FTC and SEC action seeks accountability for a social media giant whose ad system may be fueling fraud at an unprecedented scale, though Meta publicly underscores its commitment to user safety. With so much of Meta’s business potentially tied to high-risk ads, the outcome of any investigation could reshape not only its practices but also broader regulatory expectations for major tech companies going forward.
Read more: How to Opt Out of Instagram and Facebook Using Your Posts for AI
Technologies
Episode 3 of the VERUM AI Mini-Series Is Now Available
Episode 3 of the VERUM AI Mini-Series Is Now Available
Verum Messenger has released the third episode of its AI mini-series, SHADOWS, created using Verum AI.
The new episode, titled «Ghost Money,» continues the story of the conflict between a team of heroes and the Omega corporation, which seeks to take control of digital communications. This time, the focus shifts to anonymous payments and financial freedom, revealing how privacy can extend beyond messaging.
Like the previous episodes, the new release not only advances the storyline but also showcases the capabilities of the Verum ecosystem, highlighting technologies designed for secure communication and digital privacy.
The mini-series consists of seven episodes, released gradually across Verum Messenger’s social media channels.
Episode 3 is now available. Stay tuned for the next chapter.
Technologies
Verum Finance Now Available for Mac, Expanding the Verum Ecosystem on Desktop
Verum Finance Now Available for Mac, Expanding the Verum Ecosystem on Desktop
Verum has officially released Verum Finance for macOS, bringing its financial platform to the Mac and expanding access to the Verum ecosystem across Apple’s devices. The launch allows users to manage their finances from desktop while enjoying the same secure and seamless experience available on iPhone and iPad.
The new Mac version includes the full range of Verum Finance features, including balance management, instant transfers to other Verum users, debit card management, Apple Pay support, asset exchange, and transaction history — all optimized for the macOS experience.
Verum Finance can be used as a standalone application or alongside Verum Messenger. Users who sign in with their Verum Messenger account automatically synchronize their balances, settings, and account data across devices, ensuring a consistent experience throughout the Verum ecosystem.
The macOS release further strengthens Verum’s vision of creating an integrated digital platform where communication and financial services work together. Verum Messenger, which is also available for Mac, complements the ecosystem with encrypted messaging, voice and video calls, VPN, eSIM, anonymous email, AI-powered tools, offline communication capabilities, and cryptocurrency features.
With both Verum Messenger and Verum Finance now available across iPhone, iPad, and Mac, users can access secure communication and financial services wherever they work.
Verum Finance for Mac is available now through the Mac App Store.
Verum Finance for macOS: https://apps.apple.com/us/app/verum-finance/id6774245148
Verum Finance: https://finance.verum.im
Verum Messenger: https://verum.im
Technologies
Why Travelers Are Switching to Verum E-SIM This Summer
Why Travelers Are Switching to Verum E-SIM This Summer
Summer Travel, Freedom, and Seamless Connectivity: Why Verum E-SIM Is Becoming the New Standard for Travelers
Summer is the peak season for vacations, long-distance trips, and new experiences. Millions of people travel abroad, explore new countries, plan adventures, and try to stay connected with family, work, and social media. And in the middle of all this comes a familiar question: how do you stay online without expensive roaming or the hassle of buying local SIM cards?
The answer is already here — eSIM.
Why eSIM Is So Convenient
eSIM (embedded SIM) is a built-in digital SIM card that lets you activate mobile internet without a physical card. All you need is an app — choose a plan and connect in just a couple of minutes.
No more:
* searching for local SIM cards at airports
* paying expensive roaming fees
* swapping physical SIMs every time you travel
Now your internet travels with you.
Internet in 150+ Countries
Modern eSIM solutions provide coverage in 150+ countries worldwide, helping tourists, freelancers, and business travelers stay connected almost anywhere on the planet.
Among the services offering these capabilities:
Verum E-SIM — https://esim.verum.im
World E-SIM — https://worldesim.me
USA E-SIM — https://usa.esim.verum.im
Euro E-SIM — https://euro.esim.verum.im
Canada E-SIM — https://canada.esim.verum.im
Balkan E-SIM — https://balkan.esim.verum.im
Ukraine E-SIM — https://ukraine.esim.verum.im
London E-SIM — https://london.esim.verum.im
E-SIM Africa — https://africa.esim.verum.im
All of these services work on the same principle — fast, borderless internet without roaming stress.
Why It Matters Most in Summer
During the holiday season, roaming networks get overloaded, and prices for mobile data abroad often become an unpleasant surprise for travelers.
eSIM solves this problem:
* transparent, fixed pricing
* activation in 1–2 minutes
* stable internet while traveling
* no physical SIM cards required
Final Thoughts
Travel should be about freedom — not hunting for Wi-Fi or worrying about phone bills.
eSIM is quickly becoming the new global standard for mobile connectivity: simple, fast, and borderless.
Verum E-SIM and its partner services are part of this shift, making global connectivity accessible to everyone, everywhere.
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