Reported 14 days ago
Major Taiwanese banks, including Mega Financial Holding Co., are suspending their advertisements on Facebook due to rising concerns over financial scams on the platform. With reports indicating that the bulk of online investment scams target victims through fraudulent Facebook ads, these banks are withdrawing their spending to pressure Meta Platforms Inc. for better regulation. This decision is a response to the alarming increase in scams, especially impacting the elderly population in Taiwan.
Source: YAHOO