Consumers Lost $2.1 Billion to Social Media Scams in 2025, FTC Reports
The U.S. Federal Trade Commission (FTC) reported that Americans lost $2.1 billion to social media scams in 2025, marking an eightfold increase. Facebook was the most common platform for these scams, with shopping scams and investment schemes being the most prevalent types. The FTC advises users to limit post visibility and avoid allowing online contacts to direct investments.
Topics: consumer fraud FTC report investment scams romance scams social media scams