'Just terrible’: Dick Smith slams Facebook for failing to tackle scam ads

Entrepreneur Dick Smith has urged businesses not to advertise on Facebook or Instagram until the social media giants "do something about” scam ads on their sites.

The electronics mogul has taken aim at the social media companies for failing to stop deep fake videos using his identity in scam advertisements.

One video, which appears to be a segment from Nine's 'A Current Affair', features interviews with Smith, Treasurer Jim Chalmers and billionaires Andrew Forrest and Gina Rinehart.

Mr Smith says the lack of accountability taken from social media companies as Australians are scammed out of their money is “just terrible”.

“They are running these ads, making millions out of them and Australians are losing enormous amounts of money.”

Видео 'Just terrible’: Dick Smith slams Facebook for failing to tackle scam ads канала Sky News Australia