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Email this5:43 am
April 27, 2017
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Extremely naive. Sad.
I think that apart from his naivety, the problem here is with the platforms which allow fraudulent ads.
If they really wanted to, they could have put safeguards in place for basic checks to ensure the advertising company is legit and collect genuine ID for people advertising. Unfortunately having lots of fraudulent ads contributes to their profits.
As I am typing this, I am seeing an ad for “the gelatine weight loss shortcut everyone is talking about”.
5:48 am
March 30, 2017
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So absolutely nothing to do with Wealthsimple. He opened an account, followed some wrong advice on some web, invested and lost.
If anything, I wonder what stock that he bought that is a legit training stock, and drop 90% within minutes...
8:06 am
April 6, 2013
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It was likely his buying $260,000 of the stock that pushed a thinly-traded penny stock up to US$1.68/share. Once his order filled, the best bids still outstanding were only around US$0.10/share.
Nothing to do with Wealthsimple. Someone transferred his account to Wealthsimple, bought $260,000 of a penny stock based on some recommendation from an Instagram chat group, and lost.
8:07 am
November 16, 2019
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My Facebook is flooded with these fake Wealthsimple ads. I keep reporting them as spam but FB don't seem to care.
9:35 am
April 27, 2017
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Yes, I am getting these fake Welthsimple ads on Facebook as well. They might be targeting based on browsing history.
Some of Facebook’s FI ads are legitimate, including for Wealthsimple. Makes it harder for naive “investors” to tell the difference.
It would be very easy for Meta to screen for misrepresentation like this but they don’t seem to care how they make money. Deserve to lose a court case or two.
9:53 am
January 12, 2019
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davidgeorge said
A Classic mix of 'Lack of Due Diligence', 'Greed' and 'Naivety'. 
My Two Centavos,
- Dean
" Live Long, Healthy ... And Prosper! "
6:30 pm
November 18, 2017
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Why in this day and age (or ever!) would anyone bother reading ANY ad on any Facebook/Meta service? They are BS factories. IGNORE! Or better yet, block them with your hosts file.
RetirEd
4:31 am
April 27, 2017
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…because Facebook targets ads based on interests. Usually it's much more helpful than irrelevant ads one is forced to see during hockey games, displayed on buses, etc.
We’ve bought theatre tickets and went to local farm tours based on Meta ads. In some cases there would have been no way for us to find out about what became great experiences.
5:34 am
March 30, 2017
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RetirEd said
Why in this day and age (or ever!) would anyone bother reading ANY ad on any Facebook/Meta service? They are BS factories. IGNORE! Or better yet, block them with your hosts file.
any ads that ask you to spend money is more trustworthy than ads that promise u to make money for you 🙂
