False, misleading, or deceptive advertising claims have been made against them by significant Australian public personalities, according to the complaint.
Meta is being sued by Australia for allegedly allowing fake crypto adverts to be posted to its Facebook network, which deceived consumers.
Facebook’s owner, Meta, is being sued by the Australian Competition and Consumer Commission (ACCC) for “posting fraud advertising portraying famous Australian public personalities,” the ACCC revealed on Friday.
Moreover, Meta “assisted or was knowingly involved in deceptive or misleading behaviour and claims by the marketers,” according to this statement.
Specifically, the lawsuit targets advertising that “encouraged investment in cryptocurrencies or money-making schemes” and might lead to consumer harm through misleading information. Businessman Dick Smith and TV broadcaster David Koch were among the high-profile figures linked with the scams.
“Meta” was in charge of the adverts on its platform, according to ACCC Chair Rod Sims, and although the company was aware of the crypto frauds, he didn’t think it was doing enough to combat them. In a “shocking” situation, the ACCC was aware of a Facebook user who lost more than $650,000 to one of the frauds, according to Sims.
After permitting demands for violence against Russians and Russian military, Instagram was banned in Russia due of Meta’s decision to deviate from its customary policy and continue allowing calls for violence against Russian citizens.