Facebook owner Meta allegedly 'aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers.' crypto cryptocurrency bitcoin $BTC
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.”The Australian Competition & Consumer Commission announced Friday that it has taken legal action against Meta Platforms Inc. and Meta Platforms Ireland Ltd.
The ACCC alleges Meta’s conduct “was in breach of the Australian Consumer Law or the Australian Securities and Investments Commission Act .” In addition, the regulator noted: The ACCC explained that the ads “promoted investment in cryptocurrency or money-making schemes.” They featured well-known people, such as “businessman Dick Smith, TV presenter David Koch and former NSW Premier Mike Baird,” the ACCC noted, adding that Facebook users were led to believe these scams were genuinely associated with these celebrities.The essence of our case is that Meta is responsible for these ads that it publishes on its platform.
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