Brands report a surge in imposter advertisers on platforms like Meta and TikTok. Barclays reiterates Meta as overweight, favoring it ahead of earnings. Advertisers sue Meta in a $7 billion lawsuit, accusing the company of inflating ad viewership metrics by up to 400%. Meta faces a four-year class action lawsuit in California for allegedly intercepting data from rivals like Snapchat to gain a competitive edge and raising prices for advertisers.
Meta is facing an ongoing four-year, class action lawsuit in California from consumers who allege that the company intercepted data from rivals like Snapchat, used that data to gain a competitive advantage, and then increased prices for advertisers. https://t.co/kWSPkQnd9r
$7 billion. Facebook & Instagram advertisers are getting robbed! $meta https://t.co/6vIPQYTQxC
Facebook & Instagram advertisers have filed a $7 billion lawsuit against Meta, accusing the company of exaggerating ad viewership metrics by up to 400%. https://t.co/dtL4vhKH6k
Advertisers sue Meta for allegedly inflating ad viewership in $7 billion lawsuit via @nicola_agius https://t.co/9hyoIxOlPo https://t.co/ibEh8Bp3Tq
$META Barclays reiterates Meta as overweight Barclays said Meta is one of the firm’s favorite stocks heading into earnings. “Our pecking order heading into 1Q results is META then GOOGL in mega-cap, SNAP then PINS in mid-cap, and we are bullish on the digital ads group overall.”
🇺🇸 Brands report a rise in imposter advertisers on platforms like Meta & TikTok https://t.co/Y5PE5Ul75V