Social media giant Meta apologized to Qatari billionaire Wissam al Mana for cryptocurrency frauds on Facebook.
The face of Al Mana, one of the region’s leading business people, was featured in a video posted on Facebook in 2019 that encouraging people to invest in fake cryptocurrencies used in advertisements.
According to the Financial Times, Al Mana has taken legal action against Meta in Ireland on the grounds that advertising on the platform is disgraceful and damaging to its reputation.
Meta is in court today “Several false, deceptive and defamatory advertisements containing the photograph of Mr. Wissam Al Mana were placed on Facebook by malicious third parties throughout 2019 without his knowledge or consent.” acknowledged its publication.
In addition to meta, “Meta acknowledges and regrets that these false advertisements shared by malicious third parties were damaging and embarrassing to Mr. Al Mana.” made the statement.
As a result of the lawsuit, the company decided to prevent such ads in the future. “strong measures” He agreed to take it. Details of the settlement between the parties kept secret.
Al Mana, which represents many big names in the fashion industry, is the largest distributor of Hermés in the world.