META Stock (META) Dips as Singapore demands Action on Facebook Impersonation Scams
Singapore – shares of Meta Platforms (META) experienced a slight decline in trading today following an order from Singaporean authorities demanding the social media giant implement stronger anti-scam measures on Facebook.The directive focuses on advertisements, accounts, profiles, and business pages that impersonate key government office holders, a tactic increasingly used to defraud citizens.
While the order did not specify a deadline for compliance, it underscores growing regulatory pressure on Meta to combat the proliferation of scams on its platform. These scams pose a important financial risk to users and a reputational challenge for the company, which is already facing scrutiny over similar issues in other markets.
Meta responded to the order stating, “It’s against our policies to impersonate or run ads that deceptively use public figures to try to scam people, and we remove these when detected.” The company highlighted its existing systems designed to identify impersonating accounts and “celeb-bait” advertisements, and confirmed it is indeed collaborating with law enforcement on “legal action against the criminals behind these scams.”
The move by Singapore follows similar calls for increased vigilance from regulators elsewhere. In June, 42 U.S.state attorneys general urged Meta to crack down on investment scams utilizing the images of prominent figures like Warren Buffett, Elon musk, and Cathie Wood. Meta reported removing approximately 10 million fake profiles in the first half of 2025, many of which were designed to mimic well-known content creators and spread spam.
Despite these ongoing challenges, analysts remain largely optimistic about Meta’s prospects. TipRanks currently rates META as a “Strong Buy,” based on 40 Buy and 6 Hold ratings.The consensus price target for the stock is $873.88,suggesting a potential 14.88% upside from current levels, with the highest price target reaching $1,086.
