Tag #Meta

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smh.com.au

🌐 85% Global Worthiness

Dec 2, 13:47

Meta Tightens Rules on Scam Ads Targeting Australians

Meta announced new rules requiring Australian financial advertisers on Facebook and Instagram to verify their identity and provide licensing information to combat widespread scam ads; the changes will be fully implemented by February 2024.

Meta Tightens Rules on Scam Ads Targeting Australians

Meta announced new rules requiring Australian financial advertisers on Facebook and Instagram to verify their identity and provide licensing information to combat widespread scam ads; the changes will be fully implemented by February 2024.

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What concrete steps is Meta taking to combat scam ads targeting Australian users on its platforms?

Meta, facing pressure for accepting scam ads on its platforms, announced stricter verification rules for Australian financial advertisers. These rules require advertisers to provide credentials, including their Australian financial services license number or government-issued ID, and disclose who is paying for the ad and who benefits. This information will be visible to users.

cnbc.com

🌐 % Global Worthiness

Nov 12, 22:27

Meta Cuts EU Subscription Prices

Meta cuts prices of ad-free Facebook and Instagram subscriptions in EU to comply with regulations.

Meta Cuts EU Subscription Prices

Meta cuts prices of ad-free Facebook and Instagram subscriptions in EU to comply with regulations.

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How does Meta's price reduction relate to EU regulations?

Meta's decision to lower subscription prices and offer a free ad-supported option reflects the company's response to EU regulations aimed at curbing anti-competitive practices and protecting user data. This demonstrates the impact of EU regulations on tech companies operating within the region.

theguardian.com

🌐 85% Global Worthiness

Dec 1, 22:55

Meta to Verify Financial Advertisers to Combat Investment Scams

Meta will verify financial advertisers on Facebook and Instagram in Australia from early February, requiring licenses and IDs to combat the \$135 million in investment scam losses reported in 2024, a move preceding new government regulations.

Meta to Verify Financial Advertisers to Combat Investment Scams

Meta will verify financial advertisers on Facebook and Instagram in Australia from early February, requiring licenses and IDs to combat the \$135 million in investment scam losses reported in 2024, a move preceding new government regulations.

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How does Meta's response to investment scams relate to the Australian government's upcoming scams prevention framework legislation?

This measure aims to curb the surge in investment scams using fake celebrity endorsements, which resulted in \$135 million in reported losses in Australia by September 2024, with \$35 million attributed to social media. The initiative follows pressure from regulators and lawsuits against Meta for its alleged failure to address these scams.

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