Theme 1: Bot‑driven ad fraud is widespread
"this is unfortunately very common - I kept running very small ads regularly over many years (~10 years by now) and the % of bots has been steadily increasing, and Google doesn't really have any system to report those reliably to them." — yalok
Theme 2: Platforms have little incentive to fix fraud
"Taking a blind guess because I have never worked at Google, but I would assume there is one organization that has the data, and another organization that can block IPs from clicking on the ads and consuming the spend. There is a byzantine process preventing that second org from getting the data along with a lack of motivation because it would decrease ad‑spend, which is one of their key metrics." — n0us
Theme 3: Fraudulent ecosystem profits bot farms at advertiser expense
"Bot farm is operated by a company that displays Google ads. This bot farm fakes traffic to the bot farm owner and simulates conversion Google wants to see. Google sees the high conversion and happily serves more ads to the bot farm owner. Bot farm owner is paid by Google for displaying the ads. The person paying for the ad gets screwed." — wilbo
Theme 4: Advertisers can mitigate via IP exclusions and tight campaign controls
"If you have their IP addresses in your dashboard, go to Google Ads > Admin > Account Settings > IP Exclusions. Then, add the entire network/data center range there (i.e. 123.4.5.). In 99% of cases, these bot networks are not run from residential providers." — phenomen*