News

Social media company is being sued over “false” ads

Published

2 years ago

March 18, 2022

ticker NEWS

The Australian competition watchdog is suing Facebook owner Meta platforms Inc

This comes as the social media platform allegedly engaged in false or misleading cryptocurrency advertisements in Australia.

According to the regulator, Meta published ads featuring “prominent Australian public figures” promoting money-making schemes or cryptocurrency investment which were “scams” that most likely mislead users.

The Australian Competition & Consumer Commission (ACCC) says the technology of Meta enabled these ads to be targeted to users most likely to engage with the ads.

“It is alleged that Meta was aware that the celebrity endorsement cryptocurrency scam ads were being displayed on Facebook but did not take sufficient steps to address the issue,”
They say.

We've instituted Federal Court proceedings against Facebook owner Meta, alleging that they engaged in false, misleading or deceptive conduct by publishing scam advertisements featuring prominent Australian public figures. https://t.co/uiY9B5TCeU pic.twitter.com/HrweZeNKD9
— ACCC (@acccgovau) March 17, 2022

ACCC Chair Rod Sims says the essence of our case is that Meta is responsible for these ads that it publishes on its platform,

“Meta assured its users it would detect and prevent spam and promote safety on Facebook, but it failed to prevent the publication of other similar celebrity endorsement cryptocurrency scam ads,”
he says.

Savannah Pocock contributed to this report.

News

Portal between countries shut down after international flashing

Published

8 hours ago

May 16, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Leaders

Trump and Biden agree to a double debate showdown

Published

8 hours ago

May 16, 2024

Nathan Langridge

Former President Donald Trump and current President Joe Biden have agreed to participate in two debates in June and September.

On this episode of Ticker Hot Shots – Former President Donald Trump and current President Joe Biden agree to a double debate, Trump backs AUKUS, MacDonalds creates a price friendly meal and Prince Harry faces the financial music. #featured #trending #hotshots

Leaders

Is cloud technology the solution for every organisation’s needs?

Published

9 hours ago

May 16, 2024

ticker NEWS

Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured