That probably depends on your definition of a scam, but it seems fairly low. Many products and services advertised online just skirts the border of being scams or fraud.
Meta projected 10% of 2024 revenue came from scams
81–90 of 549 posts
Re: Meta projected 10% of 2024 revenue came from scams
#82Earlier quoted context omitted.
A little ironic when Amazon is filled to the brim with scams.
Where the consumer ends up out of pocket? I realise scamming ligament sellers and brands is endemic; but it is still a safe place to buy as far as I can tell?
A lot of consumers have no idea they got a cheap imitation. Counterfeiters have gotten quite good, and in many cases the scam is "falls apart in a year instead of ten", not "it's completely non-functional".
Re: Meta projected 10% of 2024 revenue came from scams
#83Earlier quoted context omitted.
If everybody on social media was an actual paying customer of social platforms, like we pay mobile providers (I originally wrote “water providers”, which was in fact a somewhat unfit analogy), we could demand better service and switch away to a competitor who offers it. Unfortunately, we are robbed of our ability to pay with our wallets.
You don't generally get to choose who pipes the water to your house.
Re: Meta projected 10% of 2024 revenue came from scams
#84Re: Meta projected 10% of 2024 revenue came from scams
#85Earlier quoted context omitted.
This isn't a situation we accept out of other industries. You water provider doesn't get to pipe you sewage every now and again because its too expensive to moderate. We shouldn't accept it for big tech either. And we certainly shouldn't make it the responsibility of the end use to protect themselves
If everybody on social media was an actual paying customer of social platforms, like we pay mobile providers (I originally wrote “water providers”, which was in fact a somewhat unfit analogy), we could demand better service and switch away to a competitor who offers it. Unfortunately, we are robbed of our ability to pay with our wallets.
Re: Meta projected 10% of 2024 revenue came from scams
#86Alongside a password manager and keeping things up to date, using an ad blocker is truly a foundational security practice these days. The big advertising players simply have all of the wrong incentives to control this problem. They could massively reduce the volume of scams advertised on their networks, but it’d be worse for them on two fronts: they’d have to pay for more moderation, and they’d lose billions in reven…
I cannot wrap my head around how generally intelligent people are completely blind to this. I guess 20 years of ad-block-is-the-norm has left people totally confused about internet monetization. I've never encoutered a problem that has such a clear answer, and that so many intelligent people get totally spun around the axle on.
We need to start paying for ad-free services. Wake up.
Re: Meta projected 10% of 2024 revenue came from scams
#87Earlier quoted context omitted.
My guess is the already-existing trend towards walled gardens will simply continue. When a public space is dangerous, people retreat into "safe" enclosed spaces. - "Never download anything unless it's from the Apple App Store" - "Never buy anything unless you're on amazon.com" - "Dont use the internet outside of ChatGPT"
A little ironic when Amazon is filled to the brim with scams.
Technically, on Bol.com, a EU-platform, EU consumer protection is in place. So if a product breaks within guarantee terms, is dangerous, never gets delivered etc. the person re-selling is responsible. They are importing "illegal" goods and could even go to jail for it.
So, technically, that premium price brings me me the assurance that I am protected by EU consumer laws. That a TV I buy can be returned, is CE certified, won't explode and isn't a 12" TV pictured in a tiny living-room on the images on unpacking.
Except these products often don't meet EU criteria, aren't adhering to (food, safety, chidren protection) EU laws and money-back is often hard because the re-seller just dissapears. In the last case, Bol.com will step up and refund, because they have to. But for the rest, they plead innocence: It wasn't us that sold illegal goods, it was that reseller from which we skim a lot of fees.
The incentives are just wrong. And the solution simple: Make platforms by proxy legally responsible for their "users". Resellers in my case. Or advertisers in the case of TLA.
If some-guy sells a TV that explodes, and can't be found or held responsible, then make Bol.com responsible. Let their CEO go to jail in the very worst case. Let's see how fast they solve this.
Re: Meta projected 10% of 2024 revenue came from scams
#88Earlier quoted context omitted.
This isn't a situation we accept out of other industries. You water provider doesn't get to pipe you sewage every now and again because its too expensive to moderate. We shouldn't accept it for big tech either. And we certainly shouldn't make it the responsibility of the end use to protect themselves
Social media is hardly a public utility. Regulation could be part of the picture, but at some point the nanny state is the greater of evils.
Re: Meta projected 10% of 2024 revenue came from scams
#89Alongside a password manager and keeping things up to date, using an ad blocker is truly a foundational security practice these days. The big advertising players simply have all of the wrong incentives to control this problem. They could massively reduce the volume of scams advertised on their networks, but it’d be worse for them on two fronts: they’d have to pay for more moderation, and they’d lose billions in reven…
Re: Meta projected 10% of 2024 revenue came from scams
#90Earlier quoted context omitted.
I had a similar thought regarding OS'. Especially in they heydey of malware in the early 2000s when 3rd party apps were the only way to remove it. You don't buy a truck and accept that its wheel falls off every time you hit a bump. Therefore Microsoft should have been civilally liable for all the costs of software removal and loss of enjoyment of computers that ran Windows (along with OEMs that sold them).
GM is not liable when your wheels fall off because a criminal removed the nuts.