Billionaire Andrew Forrest has now spent years battling Facebook for allowing scam ads, but the problem is only getting worse.
Billionaire Andrew Forrest has spent years battling Facebook for allowing scam ads on its platform, part of a problem that defrauds Australians of billions of dollars every year. But despite his efforts, it’s only getting worse.
With the social media groups doing little to combat the problem, Clarke is the spearhead of the billionaire’s challenge to the reach of US laws that have cloaked its trillion-dollar business from the harm caused by fraud on its platform globally. Facebook is protected from almost any harm caused by its platform thanks to the Communications Decency Act, which was enacted by president Bill Clinton’s administration in the 1990s – before Facebook existed.
It is one of Forrest’s key claims that Meta’s advertising business is separate and distinct from the Facebook user platform rather than an integrated part of the business.“If they profit from Australians, they should not be able to hide behind Californian laws that leave Australian users exposed,” Forrest has said.
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