Mar 30, 12:05 AM

Meta Faces $7 Billion Lawsuit for Inflating Ad Metrics and Data Interception in California

Brands report a surge in imposter advertisers on platforms like Meta and TikTok. Barclays reiterates Meta as overweight, favoring it ahead of earnings. Advertisers sue Meta in a $7 billion lawsuit, accusing the company of inflating ad viewership metrics by up to 400%. Meta faces a four-year class action lawsuit in California for allegedly intercepting data from rivals like Snapchat to gain a competitive edge and raising prices for advertisers.

#Meta #TikTok #Barclays #California #Snapchat

Written with ChatGPT (GPT-3).

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Entrepreneur@Entrepreneur
2 years ago
Meta is facing an ongoing four-year, class action lawsuit in California from consumers who allege that the company intercepted data from rivals like Snapchat, used that data to gain a competitive advantage, and then increased prices for advertisers. https://t.co/kWSPkQnd9r
Wuhan Judicial Coup Swan@TheWuhanClan
2 years ago
$7 billion. Facebook & Instagram advertisers are getting robbed! $meta https://t.co/6vIPQYTQxC
DogeDesigner@cb_doge
2 years ago
Facebook & Instagram advertisers have filed a $7 billion lawsuit against Meta, accusing the company of exaggerating ad viewership metrics by up to 400%. https://t.co/dtL4vhKH6k

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Meta Faces $7 Billion Lawsuit for Inflating Ad Metrics and Data Interception in California

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