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AlertFacebook · Scam ads1 min read

Mark Cuban says Facebook knowingly profits from deepfake scam ads

Mark Cuban says Facebook knowingly runs AI deepfake scam ads. Documents cited in the story reportedly show $16 billion in fraud-linked revenue.

By the Dashline deskSource: Hacker News (100+ points)
Mark Cuban says Facebook knowingly profits from deepfake scam ads
Photo: Milad Mosapoor, Public domain
Act today
What happenedMark Cuban says Facebook knowingly runs scam ads using AI deepfakes, and cites documents that reportedly show $16 billion in fraud-linked revenue.
Who is affectedFacebook and Instagram users, especially anyone who sees ads with celebrities or business figures promoting investments, giveaways or products.
What to do
  1. 1Be doubtful of any ad where a famous person promotes an investment or giveaway.
  2. 2Do not click through. Search for the company on your own and check its official site.
  3. 3Report the ad inside Facebook using the three-dot menu on the ad.
  4. 4If you paid a scammer, call your bank or card company right away and report it to the FTC.

Mark Cuban, the businessman and investor, says Facebook knowingly makes money from scam ads that use AI deepfakes. The story also cites documents that reportedly put fraud-related ad revenue at $16 billion. These are Cuban's claims, and the numbers come from documents described in the report, not from a company statement.

What a deepfake ad is

A deepfake is a fake video or voice made with AI. Scammers often use them to copy famous people. The ad may show a well-known face seeming to promote an investment, a giveaway or a product. The person never agreed to it.

Who it affects

Anyone who uses Facebook or Instagram could see these ads. The risk is highest if an ad shows a celebrity or business figure pushing a way to make money or get something free. A familiar face is no proof that an ad is real.

What to do

The alert box above lists the steps. In short, do not click, look up the company yourself, report the ad, and contact your bank right away if you paid.

What is not known yet

The material does not say how the $16 billion figure was calculated or which documents it comes from. It also does not include a response from Facebook's owner. That response is worth watching for as the story develops. Until more is known, treat Cuban's claims as claims, and treat celebrity ads with care.

The takeaway

If a famous face in a Facebook ad promotes money or freebies, assume it could be fake and check the company on your own first.

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