Facebook, Instagram Flooded With Ads For Ozempic-Style Weight-Loss Drugs: NBC News
Portfolio Pulse from Benzinga Newsbot
Online pharmacies, medical spas, and diet clinics are running thousands of ads for weight-loss drugs Ozempic and Wegovy on Facebook and Instagram, surpassing even Viagra's marketing. Meta Inc., the parent company of the platforms, has inconsistent enforcement of its policy requiring advertisers to get permission and provide evidence of a license before promoting prescription drugs.
June 16, 2023 | 10:14 am
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Meta Inc. faces scrutiny over inconsistent enforcement of its policy on prescription drug ads, as weight-loss drugs Ozempic and Wegovy see a surge in ads on Facebook and Instagram.
The surge in ads for weight-loss drugs Ozempic and Wegovy on Facebook and Instagram raises questions about Meta Inc.'s enforcement of its advertising policy. This could lead to negative sentiment towards the company and potentially impact its stock price in the short term. The issue also highlights the broader concerns about the role of social media platforms in promoting body image issues and eating disorders.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100