British financial journalist Martin Lewis is dropping a lawsuit against Facebook after reaching a settlement with the company. Last year, Lewis alleged that Facebook defamed him by serving numerous ads that used his face and name to market sketchy financial products like cryptocurrency get-rich-quick schemes. Today, he announced that he settled the lawsuit in exchange for two commitments from Facebook: a £3 million (around $3.9 million) donation to the Citizens Advice charity organization and a new tool for reporting scam ads backed by a dedicated team to handle complaints.
Citizens Advice is creating a scam prevention initiative that includes awareness campaigns, advice for victims, and new tools for spotting online scams. It’s supposed…
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