[Meta Sued by Santa Clara County, Accused of Profiting from Fraudulent Ads on Facebook and Instagram] Deep Tide TechFlow reports: On May 12, according to Bloomberg, Santa Clara County in California has filed a lawsuit against Meta, accusing the company of "knowingly facilitating and profiting from billions of fraudulent ads" on Facebook and Instagram. The lawsuit claims these fraudulent ads have deceived elderly individuals and families, while Meta has been tracking related advertisements. Santa Clara County Counsel Tony LoPresti stated that Meta earns approximately $7 billion annually from such ads.