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Facebook will do more to tackle scam ads following defamation lawsuit
UK TV personality Martin Lewis has dropped his defamation lawsuit against Facebook after the company pledged to step up its fight against scam ads. Lewis -- who dishes out personal finance advice on UK morning shows and is the co-founder of the MoneySavingExpert consumer website -- launched his legal action against the social network in April of last year. He said that over 1,000 fake adverts had appeared on Facebook bearing his face or name, many of them crypto scams.
Why is a celebrity personal-finance guru suing Facebook?
Martin Lewis is a British journalist, TV presenter and Ralph Nader-esque campaigner who has announced that he will sue Facebook for defamation. The consumer champion has seen his face co-opted by nefarious types who use his name (and brand) to sell cryptocurrency scams. These get-rich-quick ads are often posted on Facebook, and because the social network doesn't seem to have a handle on them, Lewis is taking the battle to court.