Reuters World News Musk’s trillion, Meta’s scam ads, Christmas Island and weight loss drugs
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Nov 7, 2025 Jeff Horwitz, a tech correspondent known for his deep dives into Meta's operations, reveals how the company rakes in billions from fraudulent ads. Kirsty Needham discusses Google's secretive plans for an AI data center on strategically significant Christmas Island amid geopolitical tensions. Meanwhile, Patrick Wingrove sheds light on a deal between Trump, Eli Lilly, and Novo Nordisk that aims to slash weight-loss drug prices, navigating its implications for pricing and supply in the pharma industry.
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Shareholders Back Musk's Billion-Dollar Vision
- Tesla shareholders approved a $1 trillion pay package for Elon Musk with over 75% support.
- Investor fear Musk might quit outweighed governance concerns about the size of the deal.
Meta Profits From Rampant Scam Ads
- Reuters found Meta expects about 10% of 2024 revenue from ads for scams and banned goods, roughly $16 billion.
- Meta only bans advertisers when it's about 95% certain they're scammers, balancing revenue and regulatory risk.
Scale: Billions Of Daily Scam Exposures
- Meta records about 15 billion exposures to paid scam attempts every day on its platforms.
- Internal metrics give Meta detailed insight into scam activity, which it weighs against revenue and regulation.