Meta Platforms (Facebook & Instagram) Caught Lying About The Number of Real Users To Advertisers 2024

Meta Platforms (Facebook & Instagram) Caught Lying About The Number of Real Users To Advertisers

Courts Rule They Can Be Sued for Misrepresentation (a.k.a. Fraud)

Authors:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.
• By Jonathan Stempel, Reuters

About This Article

The 9th U.S. Circuit Court of Appeals ruled in a 2-1 decision that Meta Platforms, owner of Facebook and Instagram, must face a class-action lawsuit filed by advertisers. The lawsuit alleges Meta overcharged advertisers by fraudulently inflating the potential reach of their ads, using metrics based on social media accounts rather than actual people, leading to potential viewer overestimations of up to 400%.

While the court allowed advertisers to sue for damages as a group, it decertified a separate class seeking injunctive relief. Advertisers estimate Meta may owe over $7 billion in damages. Meta, with ads generating most of its revenue, has yet to comment.

New York State Goes After Citibank for Failing to Protect & Refund to Scam Victims

New York State Attorney General Files Lawsuit Against Citibank for Scam Victim

Author:
• SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc.

About This Article

The New York Attorney General, Letitia James, filed a lawsuit against Citibank for negligence in protecting customers from fraud, alleging that the bank failed to implement strong security measures and improperly denied reimbursement to victims.

Citi’s lax security protocols led to millions of dollars being stolen from customers, with some losing their life savings. Victims reported delayed responses to fraud claims, with Citi often leaving them on lengthy holds, allowing scammers to continue their activities. The lawsuit highlights the importance of robust security measures and swift responses to fraud reports by financial institutions.