United

Guardian

Meta

<p>The lawsuit by Andrew “Twiggy” Forrest, an Australian mining icon, against Meta has been dismissed by the WA District Court.</p>
<h2 class="wp-block-heading" id="deceptive-crypto-ads-that-led-to-serious-losses">Deceptive crypto ads that led to serious losses</h2>
<p>According to Forrest, deceptive cryptocurrency ads that use his photo on Facebook and Instagram led to serious losses for many users who did not know the truth. The authorities said that there was not enough evidence to proceed with the case.</p>
<p>Forrest, who is the chairperson of Fortescue Metals and also listed as the second richest man in Australia, sued Meta in February 2022. He accused the tech giant of not properly acting against these criminal advertisements and of refusing to do so under the umbrella of the Commonwealth Criminal Code Act’s Anti-Money Laundering directives. However, the initiation of the lawsuit required the consent of the Australian attorney general.</p>
<p>According to<a href="https://www.theguardian.com/australia-news/2024/apr/12/andrew-forrest-facebook-scam-ads-responsibility" target="_blank" rel="noopener noreferrer nofollow"> a report </a>by The Guardian, Forest said:<em> “It shows that Facebook is beyond the laws of Australia, that hardworking Australians are not protected, and that scams will continue to run rampant with no recourse for those who are duped by increasingly sophisticated technology on social media platforms that take no responsibility.”</em></p>
<h2 class="wp-block-heading" id="forest-is-determined-to-carry-on-the-fight-against-meta">Forest is determined to carry on the fight against Meta</h2>
<p>Forrest is openly determined to carry on the struggle for the implementation of the required legislative changes to punish foreign social media giants such as Facebook. He emphasized that policymakers need to work for the public good above all, especially for the parents. He pointed out the fact that these scammy ads have been detrimental to Australian pensioners, making them lose millions of dollars for the last 5 years. He shared a video with Guardian Australia before appearing in court.</p>
<p>He did not spare Facebook for its passive stance on fraudulent marketing practices that are, unfortunately, very harmful to unaware members of the public. He has also moved to seek legal remedy in the Californian and Australian courts and even suggests the laws might need to be amended to make Facebook legally bound to the same laws that everyone else has to follow. He is contesting the disputed Section 230 of the Communications Decency Act in the United States, under which online platforms like Meta are at present shielded from being held liable for user-generated content, demanding a revision to hold these organizations accountable for the harmful content.</p>
<p>As Forrest, the billionaire, filed a lawsuit against Meta, these schemes continued, with his picture being misused. In February, Cybertrace <a href="https://twitter.com/Cybertrace_com/status/1752532335873106386?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">revealed Facebook</a> ads using sophisticatedly created pictures of him.</p>

Meta Wins Dismissal of Lawsuit Filed by Billionaire for Misleading Crypto Ads

Table of Contents

Cryptopolitan_News

Άλλα άρθρα που δημοσιεύτηκαν στις 12 Απρ 2024

Gen Z dan Milenial Lebih Pilih Kripto, Saham Diabaikan

Bitcoin Value Nears $69K Amid Unsettled Gold Market Uptick

Top Trader Warns Bitcoin Price Action Could Be Setting Up a Fake Out, Updates Outlook on Two Meme...

The Newest Learn-To-Earn Crypto Presale Now Raises Over $190,000 – Could It Be the Next Bitcoin?

Crypto Prices Today April 12: Bitcoin At $71K, ETH Dips Below $3600 As SOL & ADA Recover

Solana’s MarginFi sees $80M withdrawals in a day – What now?

Join our free newsletter for daily crypto updates!