Major technology companies like Meta, Match Group, and Coinbase have indeed formed a coalition named 'Tech Against Scams' to address the rising issue of online fraud. This coalition aims to tackle the pervasive scams affecting social media platforms, dating apps, and the cryptocurrency industry. Their primary objectives include counteracting the tools and methods used by scammers and enhancing public education about financial scams to better protect users. This collaborative effort highlights the increasing importance of cybersecurity and the need for unified action against online fraud.