Revolut Calls Out Meta and Demands Scam Victim Compensation
Revolut has publicly called out Meta, demanding that the social media giant compensate victims of scams that originate on its platforms. The move represents an escalation in the debate about who should bear responsibility for fraud losses stemming from social media.
Revolut argues that Meta's platforms, particularly Facebook and Instagram, are the primary channel through which scam advertisements reach potential victims, and that the company should therefore share in the cost of compensating those who lose money.
The demand reflects growing pressure on social media companies to take greater responsibility for the financial harm caused by scams on their platforms, a debate that regulators in the UK and EU are increasingly engaging with.