California's Santa Clara County has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California's false advertising and unfair business ‌practices laws. The lawsuit – filed Monday in Santa Clara County Superior Court on behalf of all California residents – ‌accuses the social media giant of tolerating fraudulent advertising on a global basis. The suit seeks restitution, civil damages and an order prohibiting Meta from engaging in unfair business practices.

More News

Market

Airbnb CEO Brian Chesky says AI writes 60% of code

Yahoo2026.05.11

Brian Chesky also said managers must get hands-on with coding, leaving no room for "pure people managers" at the company

More News

Market

April home sales disappoint as higher mortgage rates weigh on buyers

CNBC2026.05.11

Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.