Andrew Harnik/Getty Images/Finn Gomez/Getty Images
\nMark Cuban keeps getting emails about a $294 diabetes cure he has never sold.
\n"Every single week I get emails from little old men and ladies saying, 'Will my cure for diabetes work?' or 'I just ordered your cure for diabetes for $294,'" the 68-year-old billionaire investor said on an August episode of Pivot, the podcast hosted by Kara Swisher and Scott Galloway.
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\nThose ads are deepfakes built with an AI copy of his face and voice, Cuban said, and Meta (NASDAQ:META) runs them anyway. "Facebook knows the little old ladies are getting ripped off," he said. He called the platform "the worst of the worst."
\nCuban said some of the ads even include a disclaimer admitting the person on screen is AI-generated and the clip is meant as entertainment. By the time anyone gets to it, he argued, the pitch has already worked. "And to Facebook, that's good enough," he said.
\n"The point is, that defines the culture of the organization," Cuban said. A company that lets scammers go after people's grandparents, he argued, has shown what it will tolerate at every level.
\nCuban does run a drug company — he co-founded Cost Plus Drugs, an online pharmacy that sells low-cost generic medications.
\nOn Nov. 6, 2025,Reuters reported on internal Meta documents showing the company expected roughly $16 billion, or about 10% of its 2024 revenue, to flow in from ads pushing scams and prohibited products. By Meta's own internal count, users across its apps were seeing some 15 billion "higher risk" ads a day — the ones with obvious markers of fraud. One late 2024 document put that category's value at about $7 billion a year.
\nIn a May 2025 presentation, Meta's own safety staff estimated the company's platforms play a part in a third of the scams that succeed in the U.S. Before Meta bans an advertiser, its automated systems must peg the account as at least 95% likely to be running a scam,the documents say. Below that threshold, the suspected scammer simply pays more per ad and stays live.
\nMeta spokesman Andy Stone told Reuters the documents "present a selective view that distorts Meta's approach to fraud and scams," and called the company's 10% estimate "rough and overly-inclusive." Complaints from users about scam ads had fallen 58% over the prior 18 months, he said at the time, and the company pulled down more than 134 million scam ads in 2025. The same documents note the Securities and Exchange Commission is looking into Meta over advertising tied to financial fraud.
\n", "date_modified": "2026-11-05T23:09:57+00:00", "date_published": "2026-11-05T23:09:57+00:00", "external_url": "https://finance.yahoo.com/technology/ai/articles/mark-cuban-says-facebook-knowingly-213000020.html", "id": "urn:aggr:item:b00f4d3d5655e2dbed6878f34d6cd5bd8645131f", "image": "https://s.yimg.com/lo/mysterio/api/c7b9e208fd6dff01b9115dea6cf00d560e269c36a6987f309be6e79d843e306b/lightyear_networkapi/resizefill_w1200%3Bquality_80%3Bformat_webp/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fmoneywise_327%2F892777675c4b84ce45a666a8bfe1fb93.jpg", "summary": "Andrew Harnik/Getty Images/Finn Gomez/Getty Images Mark Cuban keeps getting emails about a $294 diabetes cure he has never sold. \"Every single week I get emails from little old men and ladies saying, 'Will my cure for diabetes work?' or 'I…", "tags": [ "news" ], "title": "Cuban: Facebook knowingly runs AI deepfake scam ads; docs say $16B fraud revenue", "url": "https://aggr.aymericbeaumet.com/items/hnrss-org/2026-11-05-cuban-facebook-knowingly-runs-ai-deepfake-scam-ads-docs-say/" }, { "authors": [ { "name": "entryleveljobsc" } ], "content_html": "Wall Street mostly swept up last week's tech wreckage Monday. Chip stocks kept tracking mud back through the house.
\nAbout 7 in 10 S&P 500 stocks rose Monday, yet nearly every chip stock fell, and the group shed more than $400 billion in market value in a single session, by Yahoo Finance calculations.
\nIntel (INTC) led the way down again.
\nThe chipmaker slid about 9% after its worst day since 1974 on Oct. 30, when a disappointing forecast knocked nearly 29% off the stock. Monday's close left Intel worth less than half of what it was when September ended.
\nAnd the damage didn't stick to Intel.
\nMicron (MU), Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) — the memory and storage names that led the chip boom this year — all got clobbered, falling roughly 6% to 8%. Marvell (MRVL) fell even harder, a drop that came as it agreed to buy Lumentum (LITE) in a $115 billion deal. Nvidia (NVDA) held up better than most, but it's still down about 16% since Oct. 6.
\n\nIntel, Marvell, AMD and the memory names led the chip rout, while Nvidia barely moved. · Yahoo Finance AlphaSpace
\nZoom out and the mess gets bigger. Chip and memory stocks have lost about $3.7 trillion in market value since Oct. 6, by Yahoo Finance calculations. Nvidia lost the most in dollars, but Intel's drop of nearly half is the steepest among the giants.
\n\nYahoo Finance
\nNot everything tied to AI bled. SpaceX (SPCX) rose, though it's still well below where it started October. Software was mixed, apart from cybersecurity stocks like Fortinet (FTNT) and CrowdStrike (CRWD), which fell with chips.
\nAdam Johnson, founder of the Bullseye Brief and portfolio manager of the American Ingenuity Fund, thinks last week's sell-off already priced in the worst.
\n"The market kitchen-sinked it," Johnson told Yahoo Finance on Monday. "They discounted everything that could go wrong. And when you do that, typically that's when you see a bottom."
\nJohn Chambers, founder and CEO of JC2 Ventures and Cisco's former CEO, expects the gap between winners and losers to keep widening.
\n"There will be major train wrecks," Chambers told Yahoo Finance, also on Monday. "And rising tide does not raise all boats. I would not bet against Nvidia."
\nStock Trader's Almanac editor Jeff Hirsch, who coined the term "Octoberphobia," bought the sell-off on Oct. 30. History is on his side. Chips have climbed in all eight midterm cycles since 1994, measured from the last October close through the following June, by Yahoo Finance calculations. But in 2002 and 2018, they first fell about another 11%.
\nNext up is AMD (AMD), which reports third quarter results Tuesday after the bell, the same day as the midterm vote.
\n", "date_modified": "2026-11-03T00:08:53+00:00", "date_published": "2026-11-03T00:08:53+00:00", "external_url": "https://finance.yahoo.com/markets/article/the-intel-stock-collapse-is-getting-worse--and-the-37-trillion-chip-rout-is-spreading-212154947.html", "id": "urn:aggr:item:d2b4234222ded2db9fde852918071c10d8175e79", "image": "https://s.yimg.com/lo/mysterio/api/20c071d47e1d29b6bcb68516712316fd79f4afbe9817d204b091e7acdade2c1f/lightyear_networkapi/resizefill_w1200%3Bquality_80%3Bformat_webp/https%3A%2F%2Fd29szjachogqwa.cloudfront.net%2Fimages%2F2026-11%2F1b2b2cbf-96e4-452f-9ea7-7917f40a6da2", "summary": "Wall Street mostly swept up last week's tech wreckage Monday. Chip stocks kept tracking mud back through the house. About 7 in 10 S&P 500 stocks rose Monday, yet nearly every chip stock fell, and the group shed more than $400 billion in…", "tags": [ "news" ], "title": "Intel stock collapse worsens as $3.5T chip rout spreads", "url": "https://aggr.aymericbeaumet.com/items/hnrss-org/2026-11-03-intel-stock-collapse-worsens-as-3-5t-chip-rout-spreads/" } ], "language": "en", "title": "finance.yahoo.com", "version": "https://jsonfeed.org/version/1.1" }