Meta, previously known as Facebook, has reached a settlement with Qatari billionaire Wissam al Mana after his image was used without consent in cryptocurrency scam advertisements on the platform. This resolution follows a three-year legal battle in Dublin, Ireland, where al Mana cited significant reputational damage due to these fraudulent ads.
During a Dublin court hearing, Meta admitted to publishing "false, misleading, and defamatory advertisements" featuring al Mana's image and issued an apology to him. This case is part of a broader trend where high-profile individuals, including politicians, have taken legal action against social media companies for using their names and images in crypto scam ads.
In response to the lawsuit, Meta has pledged to implement robust measures to prevent deceptive advertisements in the future. The terms of the settlement remain confidential. The case underscores the need for enhanced protocols and preventive measures on social media platforms to combat fraudulent ads and protect the integrity of individuals' reputations.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
