FrankfurtA court ruled Meta responsible for ads impersonating Finanzfluss.
Internal Meta estimates put fraudulent advertising at about 10% of its 2024 revenue.
Finanzfluss reported over 1,000 ads from 300 accounts, and some stayed up for 2 months.
Finanzfluss now demands disclosure of how far the ads spread and how much Meta earned, then damages.
How each outlet framed it
- netzpolitik.org leans critical
- reports Meta's internal estimate that about 10% of 2024 revenue came from fraudulent ads, and frames the ruling as platform liability
Sources: netzpolitik.org