video1.0<iframe src="https://www.loom.com/embed/9da728c73ab6453fb04f680ed286a9c3" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/9da728c73ab6453fb04f680ed286a9c3-f972659a4ca35e36.gif428.7This Loom explains the newly filed Santa Clara County lawsuit against Meta focused on allegations that the platform’s advertising tools structurally enabled fraud. It centers on a claim of $7 billion in alleged annual revenue from “high-risk advertisers” running scams, subscription traps, or impersonation schemes. The complaint argues Meta violated California state false advertising and unfair competition laws by facilitating these ads and, according to internal leaked documents, capping enforcement to protect revenue. The author says the case could significantly change legal exposure for Big Tech by challenging platforms as more than passive hosts.