FTC Reports $2.1 Billion Loss to Social Media Scams in 2025
In 2025, Americans lost a staggering $2.1 billion to scams originating on social media platforms, marking an eightfold increase since 2020, according to the Federal Trade Commission (FTC). Facebook was identified as the most common platform for these scams, with losses amounting to $794 million. Other platforms like WhatsApp and Instagram also contributed significantly to the total losses. The FTC highlighted three main types of scams: investment, shopping, and romance, with investment scams alone accounting for $1.1 billion in losses. The report emphasizes the need for consumers to be cautious about sharing personal information and making investment decisions based on social media interactions. 
