PANews reported on November 9th that, according to internal documents from Meta Platforms (META.O), approximately 10% of the company's revenue in 2024, or about $16 billion, will come from fraudulent and prohibited product advertisements, highlighting loopholes in its advertising oversight. The internal Meta document reveals that the social media giant has failed to identify and block a large number of illegal advertisements for at least the past three years, exposing billions of users on its platforms Facebook, Instagram, and WhatsApp to content such as investment scams, online gambling, and prohibited medical products. The company estimates that its platforms push approximately 15 billion fraudulent advertisements to users every day.