| Cuban: Facebook knowingly runs AI deepfake scam ads; docs say $16B fraud revenue(finance.yahoo.com) | |
| 498 points by randycupertino 6 days ago | 223 comments | |
tl;dr: Mark Cuban says Meta knowingly runs AI deepfake ads using his likeness to sell a fake $294 diabetes cure, with elderly victims regularly contacting him about purchases. Internal Meta documents reported by Reuters on Nov. 6 reveal the company projected ~$16 billion (about 10% of 2024 revenue) from scam and prohibited-product ads, serving 15 billion "higher risk" ads daily, and only bans advertisers flagged as 95%+ likely to be scams. Meta disputes the characterization, citing 134 million scam ads removed in 2025, while the SEC is investigating its ties to financial fraud advertising. | |
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