Cuban: Facebook knowingly runs AI deepfake scam ads; docs say $16B fraud revenue(finance.yahoo.com)
498 points by randycupertino 6 days ago | 223 comments
tl;dr: Mark Cuban says Meta knowingly runs AI deepfake ads using his likeness to sell a fake $294 diabetes cure, with elderly victims regularly contacting him about purchases. Internal Meta documents reported by Reuters on Nov. 6 reveal the company projected ~$16 billion (about 10% of 2024 revenue) from scam and prohibited-product ads, serving 15 billion "higher risk" ads daily, and only bans advertisers flagged as 95%+ likely to be scams. Meta disputes the characterization, citing 134 million scam ads removed in 2025, while the SEC is investigating its ties to financial fraud advertising.
HN Discussion:
  • ↑Advertisers and platforms should be legally liable for scam ads they run
  • ↑Personal experience confirms platforms ignore scam ad reports
  • ↑Executives should face criminal prosecution for profiting from fraud
  • ↑Government regulation is needed since companies won't self-police without financial consequences
  • •Questions whether ad quality decline reflects market saturation or revenue pressure