How Facebook turns Fraud into Billions, Part 1
Failed to add items
Add to basket failed.
Add to wishlist failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
How Facebook turns Fraud into Billions, Part 1
-
Narrated by:
-
By:
What if Facebook doesn’t just fail to stop scams—but makes money from them?
In the first part of Interconnected, Carl Kim investigates Meta’s hidden scam economy: billions of dollars in advertising revenue linked to scams and banned products, internal systems that may charge suspicious advertisers more instead of removing them, and a business model where regulatory fines can become just another operating expense.
Through the story of Diane, a retiree who lost her savings after meeting a scammer on Facebook and transferring money through Coinbase, we examine how responsibility gets pushed onto victims while platforms continue collecting revenue.
This is the first layer of a much larger system. Next, we follow the money—and the people behind the screens.