00:00It's Benzinga, and here's what's on the block.
00:02A bipartisan group of U.S. lawmakers sent a letter to Meta CEO Mark Zuckerberg expressing
00:08concern over the company's failure to prevent illicit drug advertisements on Facebook and
00:12Instagram.
00:13The letter cites reports from the Wall Street Journal and the Tech Transparency Project
00:17that revealed numerous ads directing users to third-party services selling illegal drugs.
00:22The company continues to run these ads despite an ongoing federal investigation into Meta
00:26for facilitating drug sales.
00:29Meta commented that it works with law enforcement to combat illegal drug activity on its platforms,
00:33rejecting hundreds of thousands of ads, and continuously improving its enforcement efforts.
00:38For all things money, visit Benzinga.com.
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