Meta may have earned $12–14 billion from scam ads and now the EU is lining up a €1 billion hit
Sens. Josh Hawley (R-Mo.) and Richard Blumenthal (D-Conn.) sent a letter to regulators on Saturday, requesting an investigation into Meta for allegedly profiting from fraudulent advertisements. The letter, sent to Federal Trade Commission (FTC) Chair Andrew Ferguson and Securities and Exchange Commission (SEC) Chair Paul Atkins, calls on their agencies to “investigate and, if appropriate, …