Meta has received a Shonky award for failing to protect Australians from scams, with losses reaching $95 million in 2023. Queensland retiree Gary lost $110,000 to an investment scam featuring images of prominent figures, highlighting the platform's inadequate response to reported fraudulent ads. The government is now enforcing legislation that could impose fines of up to $50 million on social media companies that do not take sufficient measures against scams.
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