ACCC takes action on alleged misleading conduct by Meta over crypto ads on Facebook

March 18, 2022 10:32

The Australian Competition & Consumer Commission (ACCC) has instigated Federal Court proceedings against Facebook owner Meta Platforms, Inc. and Meta Platforms Ireland Limited (together: Meta) alleging that they engaged in false, misleading or deceptive conduct by publishing scam advertisements featuring prominent Australian public figures.

The ACCC alleges this conduct was in breach of the Australian Consumer Law (ACL) or the Australian Securities and Investments Commission Act (ASIC Act).

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

Topics

ACCC ACL ASIC Act Australian Consumer Law Australian Securities and Investments Commission Act crypto ads David Koch Dick Smith Meta Mike Beard Rod Sims The Australian Competition & Consumer Commission