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Meta projected 10% of 2024 revenue came from scams

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Re: Meta projected 10% of 2024 revenue came from scams

#121
post #8

At least 50% of the YouTube promoted videos I get are crypto currency scams where some paid actor walks you though deploying an eth contract that empties your wallet. I report every one and nothing changes :(

Most FAANG executive and engineers use premium plans or AdBlockers, they probably don't care or even notice how dangerous their products are getting.

Re: Meta projected 10% of 2024 revenue came from scams

#122
post #8

At least 50% of the YouTube promoted videos I get are crypto currency scams where some paid actor walks you though deploying an eth contract that empties your wallet. I report every one and nothing changes :(

Same. About half of Youtube ads that I get on my AppleTV (no adblock there sadly) are now AI generated scam products.

For some reason all the YouTube ads on my TV are very very normal ads for well known companies and products.

As soon as I disable my adblocker on my PC though I only get fake scam ads.

Re: Meta projected 10% of 2024 revenue came from scams

#123

Earlier quoted context omitted.

GM is not liable when your wheels fall off because a criminal removed the nuts.

Then why do they have locks on the doors? They know there are these things called criminals. MSFT did nothing to stop spyware for at least a decade.

Most locks are trivially defeatable and easy to force. Heck, there's often a large window right beside a suburban door. Break the glass, open the door. Locks are only there to deter crimes of opportunity and make it more likely you'll actually notice a theft in a timely fashion.

Re: Meta projected 10% of 2024 revenue came from scams

#124
post #72
post #20

Earlier quoted context omitted.

We are talking about ads and promoted videos. Nothing to do with what it is recommending unless I am entirely conflating the root of this subject. If that is true, then of course you would never have seen these as a premium user. Scam videos are the chum box ads of the video world. Usually the lowest cost ads and so if you block tracking or are viewing a video in a private session you will have the highest chance of…

Only see ads when watching youtube via chromecast, but they're all from real brands, holiday companies, cars, google pixel, etc

And? YouTube web absolutely has ads and if they have not built a model on your user you will absolutely get the chum ads like scams. I am not sure what you’re trying to tell us.

Re: Meta projected 10% of 2024 revenue came from scams

#126
post #4

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.

Agreed. At best most of the stuff I ended up buying from an Instagram ad turned out to be oversold or overpromised and underdelivered. While not a scam outright, it's sort of training me to avoid buying anything from ads...

One of my theories is that there isn't actually enough honest companies buying ad space to satisfy the shareholders in companies like Alphabet or Meta. If they actually care to also filter out the ads for junk products and services, there would probably be a minor collapse in the industry.

Re: Meta projected 10% of 2024 revenue came from scams

#127
post #76

Earlier quoted context omitted.

I don't understand why the big advertisers don't scream about this. Facebook gets money from whoever, but the scams dilute the effectiveness of real companies that are not trying to scam you.

Do they? The difference may not be so clear cut always. A policy which got rid of scammy ads might get rid of a lot of "real companies" ads too.

We can debate what is a scam on the margins, but some things are clear scams.

Re: Meta projected 10% of 2024 revenue came from scams

#128

Earlier quoted context omitted.

"If you're not paying for the product, you are the product." It's an outdated way of looking at tech. Many classes of paid products (e.g., cars, streaming services, IoT, operating systems) double-dip into tracking and advertisement. Why would a business actually want to do the hard work of serving user needs when they can hedge their bets with ad revenue? Line must go up.

They aren't double dipping, they are subsidizing the cost with ads.

There's really no difference. If a company must subsidize costs with ad revenue, it clearly shows that they don't want paying customers to be the sole judges of the product's value proposition.

Re: Meta projected 10% of 2024 revenue came from scams

#129
Once I got an Instagram ad for buying ketamine that just linked to a telegram channel. They didn't even bother being coy or using mispelling or slang. A simple keyword search to flag for more review would have caught it. I can't even wrap my head around what internal controls exist when something like that makes it out to users.

Re: Meta projected 10% of 2024 revenue came from scams

#130
post #49

Earlier quoted context omitted.

Agreed. At best most of the stuff I ended up buying from an Instagram ad turned out to be oversold or overpromised and underdelivered. While not a scam outright, it's sort of training me to avoid buying anything from ads...

It got so bad that even non-tech savvy people around me learnt to do a lot of research about any product shown on Instagram ads. To me any product advertised on Instagram, or through YouTubers sponsorships, have become synonymous with overpromised bullshit if not outright scams. Every single time I see a sponsorship deal on a YouTube video I do some research just to validate it, and the vast majority of it are outrig…

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