Facebook Caught FAKING Numbers?! Triples Down on Money-Losing AI!

Facebook is getting sued for allegedly faking its advertising numbers. This after already losing big to the state of Texas and facing ANOTHER lawsuit over illegally scraping Disney Plus, ESPN, and Hulu user data.

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Facebook is facing legal and financial challenges, including lawsuits for fraud and privacy violations, while also warning of increased spending on AI, causing concern among investors.

00:00 Facebook is being sued for fraud, despite making record profits, and is warning Wall Street about spending a lot of money on AI next year, causing investors to be nervous about the lack of return on investment.

01:11 Facebook is being sued for faking numbers and targeting ads to fake accounts, leading to decreased advertising effectiveness.

02:45 Facebook beats Q2 estimates but warns of continued losses in Reality Labs and increased spending on AI, facing financial losses and regulatory challenges.

04:20 Facebook is facing lawsuits for inflating viewership figures and spending a lot of money to push their AI assistant for marketing.

06:05 Facebook may be faking numbers and inflating advertising reach, leading to artificially high premiums for ad placements and a decrease in real users.

08:03 Facebook is in a worse place now, with a lot of older people using it, and they are being sued for using facial recognition technology without permission.

09:07 Facebook is facing a $1.4 billion settlement for scanning people's faces and illegally capturing subscriber data for targeted ads.

10:31 Facebook's invasive tracking pixel leads to targeted ads, facing legal and financial challenges while investing in AI, sparking speculation about its true purpose.

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