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

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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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