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Slate Money | Meta’s Instascam Ads

Slate News

Slate Podcasts

News, News Commentary, Politics

4.66K Ratings

🗓️ 8 November 2025

⏱️ 57 minutes

🧾️ Download transcript

Summary

This week: Trump’s team has argued to the Supreme Court that his tariffs weren’t about raising revenue, despite his many previous claims to the contrary. Felix Salmon, Elizabeth Spiers, Emily Peck, and guest Jeff Horwitz of Reuters, discuss whether this argument will hold against the law that says only Congress has the right to raise revenue via tariffs and taxes, or if the Supreme Court will agree with the many lower courts that have deemed these tariffs illegal. Then, Jeff breaks down his deep dive into the documents that not only reveal that Meta platforms are rife with fraudulent ads they have failed to block, but also how the company is ultimately profiting from the proliferation of these scams. And finally, the ultimate ode to billionaire whimsy looks to be over before it can begin. The hosts and Jeff discuss the many reasons Mohammed bin Salman’s outlandish plans for a megacity in the desert have failed to be realized. In the Slate Plus episode: Happy Ham Season to all! Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Slate Money, your guide to the Business and Finance News of the Week.

0:13.0

I'm Felix Salmon of Bloomberg. I'm here with Emily Pecker Axios.

0:16.0

Hello, hello.

0:17.0

I'm here with Elizabeth Spires of the New York Times.

0:20.0

And most excitingly, I am here with Jeff Horwitz of Reuters.

0:26.2

Who are you, Jeff?

0:27.1

Introduce his stuff.

0:27.9

Yeah, hello.

0:28.7

I'm Jeff Horwitz.

0:29.8

I'm a technology reporter at Reuters.

0:32.6

I cover meta, a good deal.

0:34.6

And you have a fabulous scoop this week about scams on the platform,

0:41.4

especially on Facebook. So we're going to talk about that. We are going to talk about the crazy

0:47.4

amount of money that MBS in Saudi Arabia has spent on this folly called Niyom. Of course,

0:52.5

we're going to talk about tariffs and the big Supreme Court case.

0:55.9

That's coming up right now.

0:57.7

We have a Slate Plus segment about Christmas shopping.

1:01.1

It's an exciting one this week,

1:02.7

so stay tuned on Slate Money.

1:12.5

Okay, Emily, I want to talk to you, if I may, about the Trump tariff case that went up in the Supreme Court this week.

1:23.0

And the kind of fun, interesting, weird thing was the way in which the Solicitor General was backpedaling wildly on the whole question of whether these tariffs raise revenue and whether that revenue is important or meaningful.

1:40.9

Yes. So this is the case. I think we've talked about it before. The Trump administration

...

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