Rather than fully cracking down on scam ads, Meta worked to make them harder to find

7 min read Original article ↗

Tech

tech

In its latest piece on Meta’s scam ads, Reuters found that the social media giant didn’t just remove fraudulent ads from its platforms — it also worked to make them harder for governments and journalists to find.

Fearing that Japanese regulators would require universal advertiser verification — a measure Meta estimated would cost roughly $2 billion to implement and potentially reduce its revenue by nearly 5% — the company took steps to make scam ads less “discoverable” to “regulators, investigators and journalists,” according to internal documents reviewed by Reuters.

“So successful was the search-result cleanup that Meta, the documents show, added the tactic to a ‘general global playbook’ it has deployed against regulatory scrutiny in other markets, including the United States, Europe, India, Australia, Brazil and Thailand,” Reuters wrote.

Previous Reuters reporting found Meta internally projected that about 10% of its 2024 revenue would come from ads tied to scams and banned goods, though the company later said that estimate was overly broad. Reuters also reported the rate was double in China.

“So successful was the search-result cleanup that Meta, the documents show, added the tactic to a ‘general global playbook’ it has deployed against regulatory scrutiny in other markets, including the United States, Europe, India, Australia, Brazil and Thailand,” Reuters wrote.

Previous Reuters reporting found Meta internally projected that about 10% of its 2024 revenue would come from ads tied to scams and banned goods, though the company later said that estimate was overly broad. Reuters also reported the rate was double in China.

tech

Google reaches record high and crosses $4 trillion market cap after major wins for Gemini

Google parent Alphabet closed yesterday at a record-high stock price of $331.86, giving the company a market capitalization just above $4 trillion, as investors reward a string of wins for its Gemini AI model, including high-profile partnerships with Apple and Walmart.

After months of speculation, Apple announced a multiyear partnership to use Gemini to power its AI assistant, Siri, a major endorsement of Google’s AI prowess. That same day, Walmart said it would partner with Google to let customers purchase products directly through the Gemini chatbot, a move that would put Gemini in front of millions of Walmart shoppers and test whether AI chatbots can drive real commerce at scale rather than isolated queries. (Amazon, OpenAI, and Microsoft are experimenting with similar AI shopping tools.)

The stock is up nearly 1% again in premarket trading today. While Microsoft and Apple have both crossed $4 trillion in the past, they’ve since dipped below it, leaving Google and Nvidia as the only companies currently valued above the threshold.

tech

Reality Labs has been bleeding cash and struggling to build significant revenue, racking up losses of around $70 billion since the company started reporting its numbers in 2020. Other than Meta Ray-Ban glasses, the group’s products have not been popular with consumers, and the idea of the metaverse that CEO Mark Zuckerberg evangelized never took off.

The company has since pivoted to a focus on building AI “superintelligence.”

Reality Labs has been bleeding cash and struggling to build significant revenue, racking up losses of around $70 billion since the company started reporting its numbers in 2020. Other than Meta Ray-Ban glasses, the group’s products have not been popular with consumers, and the idea of the metaverse that CEO Mark Zuckerberg evangelized never took off.

The company has since pivoted to a focus on building AI “superintelligence.”

tech

Tesla’s Elon Musk says AI deal with Apple gives Google “unreasonable concentration of power”

Apple has selected Google’s Gemini AI model to power the next generation of Siri — and Tesla and xAI CEO Elon Musk is not pleased. Responding on X to Google’s announcement, Musk wrote that the deal “seems like an unreasonable concentration of power for Google,” pointing to the company’s control of Android and Chrome.

This seems like an unreasonable concentration of power for Google, given that the also have Android and Chrome

— Elon Musk (@elonmusk) January 12, 2026

Musk has previously sued Apple, accusing the company of unfairly favoring OpenAI’s ChatGPT — with which Apple also has a more limited AI partnership — in its App Store. Musk’s xAI, which works closely with Tesla, develops a competing AI model, Grok. Long considered the AI front-runner, OpenAI, which was also in the running to power Siri, has been facing increased competition from Google.

In a monopoly case last September, a judge ruled that agreements such as Apple’s deal to preload Google Search on Safari were permissible as long as they were not exclusive — a decision that may have helped clear the path for the companies’ new multiyear AI partnership.

tech

Apple selects Google’s Gemini to power Siri, CNBC reports

Apple has selected Google’s Gemini model as part of a multiyear partnership to power its revamped, AI-powered Siri, set to launch this year.

Per a statement seen by CNBC, Apple said: “After careful evaluation, we determined that Google’s technology provides the most capable foundation for Apple Foundation Models and we’re excited about the innovative new experiences it will unlock for our users.”

Apple first announced a revamped AI Siri back in June 2024 but failed to execute on many of its promises of personalized features and deep system integration. The newest iteration of Siri was expected this spring. Bloomberg previously reported that Apple plans to pay Google $1 billion a year to use its AI model to power Siri.

With this news, the iPhone maker has ticked one of the four boxes that Wedbush Securities analyst Dan Ives said would be integral to the stock’s success in 2026.

“This is what the Street has been waiting for with the elephant in the room for Cupertino revolving around its invisible AI strategy,” Ives wrote in a follow-up note, calling the move a “major validation moment for Google as a premier foundation model and for Apple as a stepping stone to accelerate its AI strategy into 2026 and beyond.”

Google, which has been riding high on the the stellar reception of its latest Gemini model, briefly notched a $4 trillion market cap on the news. Apple hit the notable milestone in 2025 but has since fallen and is currently worth $3.8 trillion.

Apple first announced a revamped AI Siri back in June 2024 but failed to execute on many of its promises of personalized features and deep system integration. The newest iteration of Siri was expected this spring. Bloomberg previously reported that Apple plans to pay Google $1 billion a year to use its AI model to power Siri.

With this news, the iPhone maker has ticked one of the four boxes that Wedbush Securities analyst Dan Ives said would be integral to the stock’s success in 2026.

“This is what the Street has been waiting for with the elephant in the room for Cupertino revolving around its invisible AI strategy,” Ives wrote in a follow-up note, calling the move a “major validation moment for Google as a premier foundation model and for Apple as a stepping stone to accelerate its AI strategy into 2026 and beyond.”

Google, which has been riding high on the the stellar reception of its latest Gemini model, briefly notched a $4 trillion market cap on the news. Apple hit the notable milestone in 2025 but has since fallen and is currently worth $3.8 trillion.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.