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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

#391

I wonder how much of Meta the corporation is a scam waiting to crumble. Hundreds of billions of dollars can make people do questionable things. -their revenue is 99% ads with more than 80% coming from FB and IG -they can only sell ads if they have a large and active user base -DAP (daily active people) is reported publicly but calculated internally -ad spending, views, and engagement are calculated by Meta's own plat…

Your desktop was hacked or your email was hacked?

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

#392

Earlier quoted context omitted.

Ideally this but Section 230 guarantees that you will lose. The laws need to be changed.

The laws need to be changed. My how the worm turns. HN users used to herald that law as the best thing since Betty White (who was older than sliced bread). Without 230, there would be no YouTube. No Facebook. No Instagram. No social media. Forums would likely have gone extinct. Half of the tech industry and a good chunk of the jobs that people on HN do would never have happened. Now people on HN want to get rid of th…

Well, give us the argument, then, instead of the mere allegation that history is frowning at us. Why is it not possible to change the law to permit platforms to not be liable for speech of their users, particularly when users are engaging in a platform in the capacity of communicating and exchanging information, (i.e., 230 as it is today) but not permit advertisers from displaying ads which contain blatant fraud, for which the advertising platform is profiting off that fraud?

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

#393
post #42

Earlier 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"

> - "Never buy anything unless you're on amazon.com" Might as well do AliExpress, same quality control/misleading descriptions but lower prices. Is there even a trustworthy online shopping site/platform nowadays?

I use walmart.com, they have fast local delivery (often next day) but you do have to be careful, as they also have listings for third party sellers and they are just as shady as Amazon. I only buy items sold by Walmart, never a third party. You can filter your searches for that pretty easily.

I never buy food, supplements, OTC meds, etc. online from any source. That stuff I always buy in person at a local retailer.

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

#394
post #136

Earlier quoted context omitted.

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 have an easy way to pay small amounts for a one-time service. A lot of websites offer content that you need only a couple of times in your life. It's worth paying for, but not worth all the hassle of setting up a normal payment. This leaves ads as the only form of revenue and because ads don't care about the content, this creates a race to the bottom on generating slop.

The advertisers do care about the content. Ad based models ensure that content doesn't piss off advertisers. User payment models ensure that content doesn't piss off the user base, which does sound better, but audience capture can be every bit as bad.

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

#395
post #339
post #289

Earlier quoted context omitted.

> Preventing fraudulent apps is not a probability problem Unfortunately it is. You've even provided examples of a false positive and a false negative. Every discrimination process is going to have those at some rate. It might become very expensive for developers to go through higher levels of verification.

No, it's already a solved problem. For instance newspapers moderate and approve all content that they print. While some bad actors may be able to sneak scams in through classifieds, the local community has a direct way to contact the moderators and provide feedback. The answer is that it just takes a lot of people. What if no content could appear on Facebook until it passed a human moderation process? As the above po…

> The answer is that it just takes a lot of people.

The more of those people you hire, the higher the chance that a bad actor will slip through and push malicious things through for a fee. If the scammer has a good enough system, they'll do this one time with one person and then move on to the next one, so now you need to verify that all your verifiers are in fact perfect in their adherence to the rules. Now you need a verification system for your verification system, which will eventually need a verification system^3 for the verification system^2, ad infinitum.

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

#396

Earlier quoted context omitted.

Normalize paying for things instead of selling your attention to the highest bidder. But you just admitted that you pay for YouTube and it shows you creator promotions. You are literally paying to see ads, then telling people not to do the same. Unless there's some subtlety I'm missing here. I haven't been on YouTube in at least a decade. I see no difference between a blogger pushing a VPN and Google showing an ad fo…

> Unless there's some subtlety I'm missing here. I haven't been on YouTube in at least a decade. Youtube Premium is fighting back against the sponsor segments with this "commonly skipped segment" feature. You hit a fast forward button and it automatically skips ahead to the place most people jumped to.

A year or two ago somebody asked Adam Ragusea about whether this type of skipping causes problems for creators - and what he said was basically that if viewers see the brand name / call to action at the end of the ad, that's mostly what matters to sponsors.

No idea if that's been borne out in practice, though.

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

#397
post #143

Earlier quoted context omitted.

So by your standards, it's totally fine for Lenovo to use the laptop you bought from them to mine crypto a year after you bought it from them because the necessary hardware to enable that (it having a GPU) was installed at the time. I mean it's a viewpoint, it's a certifiably bonkers one but of all the viewpoints it definitely is one.

Much like the F-150, if the license agreement between you and Lenovo allow Lenovo to do so, yes. I mean, if you didn't want that, you wouldn't have agreed to it, right? You are allowed to say no.

A license agreement, or a contract in general, cannot permit either party to violate the law. What you're describing in this scenario, and what has actually happened in some cases, is effectively theft of use and arguably fraud.

Fraudulent terms of service are not above the law, nor are they above basic expectations in society of fair dealing. You can try to litigate this any which way you choose, based on the language contained in the contract/TOS, and it fundamentally does not matter. At some point, something has to give and it ends with burning down buildings and building guillotines. History is full of abundant lessons about the supremacy of social mores and standards that suborn the law, and the supremacy of the law over the specific parties of any given contract.

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

#398
post #29

Earlier 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

Water providers in Flint,MI disagree.

I'm sure it felt good to write something pithy like that, but the Flint, MI case is not one of a water utility screwing up, or causing harmful contaminants to enter the water. It's a story of the city switching providers, and that other provider having different water chemistry that was incompatible with the existing piping in the city which caused harmful contaminants to be introduced into the water. Neither water provider had failed to provide what they were intending to provide, the city failed to plan ahead and test things before moving the source of their water.

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

#399
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.

Real companies don't give a damn about what they are actually doing. Facebook tells them that their ad which nobody clicked on got them 40 000 new customers. The worker who put the ad on Facebook gets a pat on the back from his boss. The boss gets a raise and maybe a promotion. Leadership gets shown numbers of how great advertising on Meta is and doesn't take 5 minutes to check them. If sales are low it is those god…

I understand that impact calculation for ads is, at best, an inexact science. But I refuse to believe that businesses spend hundreds of billions of dollars on ads every year for absolutely no gain. That's chips in the vaccine level conspiratorial thinking.

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

#400
post #42

Earlier 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"

The Apple App Store is full of scam apps. It’s all the disadvantages of a walled garden with none of the supposed advantages for users. In that way, the App Store itself is a scam.

I haven't encountered any to be honest. Can you link to one as an example?
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