The fraudster technically isn't Meta/Facebook, it's whoever is posting the fraudulent adverts. If Meta/Facebook can demonstrate they are removing a significant proportion of these adverts then there probably is no case against them. One could argue the problem is Facebook's business model but I doubt one could construct a legal case around that.The problem is, firstly, taking libel action is risky and expensive and, secondly, Meta has significant resources to fund lawyers. The consequences of losing would be financially crippling. I suspect Mr Lewis is taking a pragmatic approach to this? Let's face it, even powerful government agencies in tge US and EU have difficulties taming big tech companies.
Michael Ixer ● 24d