Prince Khaled Blasts Meta’s Neglect of Online Scams: “They’re Only Here to Make a Profit”
HRH Prince Prince Khaled Bin Alwaleed Bin Talal al Saud accused Piant Giant Meta of ‘fake accounts impersonating his Sisters, residents of Factraud Gulf on Facebook and Instagram.
Many fake pages, he said, use Princess Reem’s name and photo to ask for a small amount of “investment money – usually like AED 100 – from Chizakhi of the GCC in danger. Without written complaints, the meta failed to acknowledge the reports of his group.
“When there’s a real problem, like bad actors of fraud taking people who don’t deserve money, and bringing it back into the open, the media companies say they can’t handle the problem,” Prince Khaled was quoted as saying. Arabian business.
“I look at technology well, and these companies have amazing capabilities. To put it another way, it’s really taking us on a journey.”
Prince Khaled said that the regional operation of meta is completely focused on sales, with little or no investment in user security.
“Social Media Fist companies only include vendors here in the region,” he said. “They don’t bother to set up arms of trust and arms of security because they only concern achieving our digital interests.”
He said his communications team compiled and posted a detailed dossier of fake accounts across multiple platforms. While Snap and X responded quickly – “both made clean sweeps” – Meta was “absolutely silent.”
Prince Khaled said: “And this is a person like me who has a full communications team and a digital team. What does a person do to be a team to deal with this? They have nothing. Where is the commitment to the people?” Where is the commitment to people? “Where is the commitment to the people?” Where is the commitment to people? “Where is the commitment to the people?” Where is the commitment to people? “Where is the commitment to the people?” Where is the commitment to people? “Where is the commitment to the people?”
He added that Tiktok’s response was also initially insufficient – “They sent us an information page and did nothing else” – although its policy team later took action after which he described as “going back.”
Prince Khaled Calls for Strict Control
Prince Khaled has now called on regulators in Saudi Arabia and the UAE to investigate the handling of counterfeiting and fraud, saying their “proxy” relationship with the Gulf must end.
He said: “They are doing extraordinary things here, but when it comes to protecting our citizens, they hide behind excuses. It is time to answer.”
Meta reported revenue of $62.36 billion in 2024.
The former Head of Meta Healing of the Mena ashraf Zeitoon received criticism from the prince, telling Arabian business Companies like Meta “have all the resources, human, financial and technical, to face the challenge” but lack the will.
“They could easily install tools like IP address blocking to prevent scammers from creating new accounts,” Zeitoon said. “But their trust and security teams in the GCC are improved, and financial fraud is not on their priority list.”
Meta did not respond to a request for comment from Arabian business.
