How Meta Profits Off Fraud
Slate News
Slate Podcasts
4.6 • 6K Ratings
🗓️ 16 November 2025
⏱️ 35 minutes
🧾️ Download transcript
Summary
The parent company of Facebook and Instagram, Meta, doesn’t (just) have a scam problem—with 10 percent of its revenue coming from scam ads, and a third of all successful scams in America using a Meta platform at some point, it’s more an interdependence with scammers.
Guest: Jeff Horwitz, tech reporter for Reuters.
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Transcript
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| 0:00.0 | 300 sensors. |
| 0:03.0 | Over a million data points per second. |
| 0:06.0 | How does F1 update their fans with every stat in real time? |
| 0:10.0 | AWS is how. |
| 0:13.0 | From fastest laps to strategy calls, |
| 0:15.0 | AWS puts fans in the pit. |
| 0:19.0 | It's not just racing, it's data-driven innovation at 200 miles per hour. |
| 0:24.6 | AWS is how leading businesses power next-level innovation. |
| 0:29.6 | Mr Speaker, the new autumn budget. |
| 0:34.6 | There we go. |
| 0:36.6 | Let the dust settle. |
| 0:38.3 | Let rumours turn to fact. |
| 0:40.3 | Over the past 40 years, we've seen financial curveballs of all shapes and sizes. |
| 0:45.3 | But one thing stays the same. |
| 0:47.3 | Our experts will continue to filter through the noise, |
| 0:50.3 | helping you make the most of your tax allowances. |
| 0:53.3 | Hargreaves lands down, helping Britain invest through it all. |
| 0:57.7 | Capital at risk, tax rules applying can change. |
| 1:05.1 | If you open up Facebook or Instagram and search for, let's say, Elon Musk. The odds are pretty good that you're |
| 1:12.9 | going to be served some questionable ads. In which Elon is, you know, offering investment tips or, |
| 1:19.8 | you know, giving away Tesla is in a raffle or, you know, wants to like talk to you, person, talk to his fans one-on-one. |
| 1:29.8 | That's Jeff Horwitz, a tech reporter for Reuters. |
... |
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