Fintech

Revolut says Mark Zuckerberg’s Meta platforms are ‘hotbed’ for scams

The fintech said that over 60% of scams reported by its UK customers originated from Facebook, Instagram and WhatsApp

Revolut says its customers are falling for investment scams they came across on Meta platforms
Revolut says its customers are falling for investment scams they came across on Meta platforms Photo: FABRICE COFFRINI/AFP via Getty Images

Revolut said that Mark Zuckerberg’s multi-billion dollar social media platforms are a “hotbed” for scams in the UK.

Revolut, which has more than eight million customers in the UK, said that 60% of all scams reported by its customers in 2023 originated from Meta platforms Facebook, Instagram and WhatsApp.

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