Don't get me started. So many existing laws just seem to be conveniently ignored because... it's 'digital'?
In a lot of countries there are specific laws banning the deliberate targeting of advertising to children (and in contexts where you would reach children, heavily regulated), but for over a decade Meta would allow you to target within the ranges of 13 to 18 years old.
That's to say nothing of the scams and deepfake celebrity ads they let run. Imagine if a deepfake ad of Warren Buffet promoting an investment opportunity ran on TV, the network would get sued into oblivion. On Meta though, there's no repercussions.