Meta Slammed For Reportedly Profiting From Ads Promoting Illegal Drugs
Portfolio Pulse from Benzinga Neuro
Meta Platforms Inc. (NASDAQ:META) is under scrutiny for running ads on Facebook and Instagram that promote illegal drugs, violating its own policies. The ads, which include images of drugs and redirect users to other platforms for purchases, have led to a federal investigation. Meta has removed the ads and banned the users who created them.
July 31, 2024 | 2:23 pm
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Meta Platforms Inc. is facing scrutiny and a federal investigation for running ads that promote illegal drugs on Facebook and Instagram. The company has removed the ads and banned the users who created them.
The news of Meta running ads promoting illegal drugs and facing a federal investigation is likely to negatively impact its stock price in the short term. The removal of the ads and banning of users may mitigate some damage, but the scrutiny and investigation will likely weigh on investor sentiment.
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IMPORTANCE 90
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