Welcome to the Tech Meme Right Home for Friday, March 18th, 2022. I'm Brian McCullough today.

Australia sues Meta for alleged cryptocurrency scam ads.

Board Aapes Yacht Club had what we might call a busted IPO

if that were the terms we were using.

Amazon is now officially the proud owner of James Bond and of course the weekend long rate suggestions.

Here's what you miss today in the world of tech.

Australia's competition and Consumer Commission has sued Meta for

allegedly publishing scam cryptocurrency ads on Facebook that used

photos of real Australian public figures, quoting Reuters.

The advertisements which endorsed investment in cryptocurrency or money-making schemes could

have misled Facebook users into believing they were promoted by famous Australians,

the Australian Competition and Consumer Commission or ACCC, said.

The lawsuit filed in the federal court also alleges Facebook, quote, aided and abetted or was knowingly

concerned in false or misleading conduct and representations by the advertisers, the

ACC said in a statement.

The essence of our cases that Meta is responsible for these ads that it publishes on its platform.

A triple C chair Rod Sims said, it is alleged that Meta was aware scam ads were being displayed on Facebook but did not take sufficient steps to address the issue, end quote.

Meta said any ads that scammed people out of money or misled users violated its policies and the

company uses technology to detect and block such posts adding it had

quote cooperated with the A triple C's investigation into this matter to date. We will

review the recent filing by the A Triple C and intend to defend the

proceedings. A meta spokesperson said in an emailed statement declining to comment further as the case was

...