Meta’s estimates of money they earn due to fraudulent ads was $16 billion in 2024. In contrast total value of property stolen in burglaries in the US is around $3 billion per year. Unfortunately, 2019 is the last year with good numbers but should still be around that amount.
If Meta takes around half of the money that the fraudsters make as their cut, that would suggest Meta facilitated fraud that suggests that Meta helped steal around $30 billion via fraud in year or 10x the amount that is stolen in the year via burglaries.
To be fair, Meta facilitates stealing from people all over the world via fraud and not just stealing from the US, but how high would the toll of Meta facilitated fraud need to be to consider Meta to be a organized criminal enterprise?
Is causing 10x the amount stolen per year via burglaries not enough and it would need to be 20x for people to see Meta as a criminal enterprise?
[Question] Should we consider Meta to be a criminal enterprise?
Meta’s estimates of money they earn due to fraudulent ads was $16 billion in 2024. In contrast total value of property stolen in burglaries in the US is around $3 billion per year. Unfortunately, 2019 is the last year with good numbers but should still be around that amount.
If Meta takes around half of the money that the fraudsters make as their cut, that would suggest Meta facilitated fraud that suggests that Meta helped steal around $30 billion via fraud in year or 10x the amount that is stolen in the year via burglaries.
To be fair, Meta facilitates stealing from people all over the world via fraud and not just stealing from the US, but how high would the toll of Meta facilitated fraud need to be to consider Meta to be a organized criminal enterprise?
Is causing 10x the amount stolen per year via burglaries not enough and it would need to be 20x for people to see Meta as a criminal enterprise?