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Thai Ministry Proposes Shutting Down Facebook

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Thailand’s Digital Economy and Society Minister Chaiwut Thanakamanusorn is ready to submit a proposal to shut down Facebook services due to the social media platform’s inability to block fraudulent advertisements.

Mr. Chaiwut says that the Ministry has attempted to reach out to Facebookto assist in blocking deceitful advertisements, but has received no response from the platform.

The scam ads include invitations to investment projects which promise unrealistic high profits and utilize well-known people or successful investors as a reference. These ads have illegally been using Thailand’s Securities and Exchange Commission and the Stock Exchange of Thailand’s logo to falsely build trust.

According to the Minister, over 200,000 residents of Thailand have fallen victim to these deceptive advertisements, causing over THB 100 billion in damages.

Get more details HERE.

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