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Meta projected 10% of 2024 revenue came from scams

sherwood.news

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

#221
post #153

Earlier quoted context omitted.

ability "to provide/filter actually useful ads" is a function of moderation budget and not much else

To them it's all an algorithm. Human moderation is completely infeasible at their massive scale.

And if the algorithm can't moderate then what? We should all suffer because doing it right isn't feasible?

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

#222
post #21

Earlier quoted context omitted.

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

My TV has ad block for youtube. I pay 20 minutes salary per month and see no adverts at all, on TV, on phone, on computer. I never understand why well-paid HN commentators refuse to pay for their entertainment. On the web at large, sure use an ad blocker, there's no choice there. There is on youtube though.

> I never understand why well-paid HN commentators refuse to pay for their entertainment.

People don't want to pay (help) people they don't like. YouTube ads do not feel fair, they feel manipulative and unethical. It's expected that most people wouldn't want to willingly engage with that kind of asshattery.

Contrast that with platforms like twitch. I'd say the average twitch viewer (that interacts with streams/chats) has a slightly negative view of Twitch. But many will still willingly donate dozens of subs to streamers they like. This removes ads for other people, not themselves.

People think YouTube is greedy and untrustworthy. Why would you willingly feed that machine?

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

#223
post #210

Earlier quoted context omitted.

I don't know very many people who have a choice of water providers. Generally you are stuck with whoever owns the pipes to your home. And since you don't have a lot of choice, the government tends to regulate the shit out of water providers - and I don't see we have any other real choice when it comes to too-big-to-fail social media providers either.

I can choose not to use a social medial platform, it is kind of hard to choose not to drink water/wash/etc. I do not use much social media platforms, while I try to stay social, like posting one picture a month and sending a message here and there, watching a cat video sometimes, etc. I think social networks are much more similar to drugs - you can try to regulate to prevent people hurting themselves, but people will…

> I can choose not to use a social medial platform, it is kind of hard to choose not to drink water/wash/etc.

I don't think that's actually true for WhatsApp in a lot of countries - it's the default communication for many, to the point I'm not sure I could get parcel deliveries reliably here in Spain if I didn't have WhatsApp.

Ditto for communicating with the entire generations who moved onto Facebook after we all abandoned it. I could delete Facebook entirely, but then I'd spend every family gathering hearing the chorus "why aren't you on Facebook? Your cousins are all on Facebook. They all know the family drama" (instead I keep Facebook off the homescreen of my phone, and check it about once a month).

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

#224
post #215

Earlier quoted context omitted.

> To forstall any AI debate, let me underline the word "lazy" in the footnote here. Most recently we received a shirt with a very large cobra on it, and the cobra has at least three pupils in each eye (depending on how you count) and some very eye-watering geometry for the sclera between it. Okay, but if it matches the illustration on the storefront , can it really be called a scam?

Fair, I was sloppy there. The cobra isn't a scam itself, it's just a demonstration that it's already a hard place to navigate what with everything that is going on there. A deluge of AI garbage may not be a "scam" in the strictest sense of the term but it still breaks certain unspoken expectations the Boomer generation has about goods and what exactly it is you are buying. We have also received a number of shirts whe…

> it still breaks certain unspoken expectations the Boomer generation has about goods and what exactly it is you are buying.

Sigh. I learned from my pre-boomer parents that if the product were any good it wouldn't need to be advertised.

> looked good if you just glanced at it but when you went to look at any particular detail of the shirt it was AI garbage.

To be fair, that was also all over the place before "AI" as currently understood. (And I don't think that previous iterations of machine learning techniques were involved.)

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

#225

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.

Zuck and Meta are playing the role of Robinhood. They take the money from scammers and advance their philanthrophy.

https://x.com/a16z/status/1986486508355002584

Priscilla Chan and Mark Zuckerberg on Curing All Disease

We sat down with Dr. Priscilla Chan and Mark Zuckerberg, co-founders of the Chan Zuckerberg Initiative, to discuss their ambitious plan to cure, prevent, and manage all disease by the end of the century.

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

#226

Earlier quoted context omitted.

> We need to start paying for ad-free services. Wake up. Where are all these ad-free services everyone keeps talking about? Social media companies don't even find it worth it to offer an ad-free plan last I checked...

If people demanded ad-free paid services with the same vigor that they evangelize ad-blocking, we would have it.

I don't really get why that's the responsibility of the consumer? Businesses offer shitty deal, consumer works around said deal... it's on the businesses to offer a better deal (a la Spotify vs limewire, or Netflix vs thepiratebay)

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

#227
post #16

Alongside 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…

The answer isn't ad blocking, the answer is paying directly and in full (so no need to subsidize cost with ads) for the service. 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 peopl…

> We need to start paying for ad-free services. Wake up.

You make it sound like there are no people that pay for ad-free services they find valuable. Or that there are no free ad-free services (ex: WhatsApp).

My feeling is that people know some "services" are not that "valuable" (ex: facebook, instagram, etc.), so they would not pay for them, but, like with drugs, they can't reduce their usage.

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

#228

Earlier 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.

We weren't robbed, we voluntarily gave it up. Nebula is youtube that works for you. But the conversion rate from youtube-ad-viewer to nebula-subscription-payer is <1%.

I have heard of Nebula and Floatplane. Is Nebula good?

My issue is that in presence of one large player who does it for free competition is already impossible: $2 is twice as much more than $1, but $1 is infinity/NaN times more than $0. It’s one of the many problems with the fact that it is legally allowed.

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

#229
post #115

Earlier quoted context omitted.

They didn't need to offer a refund. It was already priced in. You maybe forgot to ask what was coming in future software updates while standing starry-eyed at the impossibly low price it was being offered at, but they knew it was coming. After all, appropriately specced hardware to be able to do it was already onboard.

Who exactly would you ever ask to find out that the samsung fridge you were looking at was going to get ads in the future? Certainly not the appliance salesman, they don't know samsung's plans. And good luck calling samsung and asking for the "future plans" department. This is such a dishonest take.

They do know their own plans, though, and thus can offer a contractual guarantee on how the product they are selling will be treated in the future.

If they aren't willing to stand buy what they are selling, why would you want to buy it from them in the first place? That's what we call a scam.

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