Court documents allege some Facebook execs knew for years its potential reach ad metric was “inflated and misleading”; Facebook says the claims have no merit
Hannah Murphy / Financial Times :
Financial Times Hannah Murphy
Related Coverage
- Facebook Accused in Amended Lawsuit of Knowing Ad Audiences Were Inflated Wall Street Journal
Discussion
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@blackamazon
@blackamazon
on x
....... ooh somebody owes me coin https://twitter.com/...
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@saysdana
@saysdana
on x
No way. I can't believe it. @ericgarland Who could do this to bankers, businesses and the people they serve? Drag em.......... https://twitter.com/...
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@funnymonkey
Bill Fitzgerald
on x
Just going to put this out there: what if all the data collection done by the adtech industry doesn't work as they claim, and all that corporate surveillance really achieves is an erosion of our privacy, automated bias, and a slower internet? https://www.ft.com/...
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@thisisarp
@thisisarp
on x
@jason_kint @VickerySec Along with this they also inflated their video metrics to make it seem like engagement was through the roof. Considering how much ad revenue they make, a $100B fine is the minimum that should be considered. Or just take them over & turn them into a public …
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@jason_kint
Jason Kint
on x
Woah #2 And WSJ with even more 👀 details. “'My question lately is: How long can we get away with the reach overestimation?' one employee wrote, according to the Thursday filing.” https://www.wsj.com/... https://twitter.com/...
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@mjb_sf
Melinda Byerley
on x
I said this was coming. And here it is. Really, this is fraud. https://twitter.com/...
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@mooneymoore4
@mooneymoore4
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@jason_kint @VickerySec Seems like back when I was in law school, they called that fraud. FB needs to stop hiring crooks!
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@moonalice
Roger McNamee
on x
@jason_kint @jason_kint If there is evidence that FB execs knew about overstated metrics over multiple years, it may give rise to a felony fraud case, which can lead to jail time.
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@jason_kint
Jason Kint
on x
Needless to say, it looks like there is a lot of important information being redacted. I can't possibly believe the redactions are defensible as commercial secrets. Will be watching this closely. Sunlight is the best disinfectant here, public awareness is critical.
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@jason_kint
Jason Kint
on x
woah. this isn't the first time we've seen this with Facebook. if these allegations are accurate and Facebook's COO (Sandberg) and CFO (Wehner) knew the metrics were inflated yet deliberately chose not to fix or even disclose this, Sandberg and Wehner should both resign. https://…