Consumers lost $2.1B to social media scams in 2025, FTC reports

April 27, 2026 Aisha Malik

The agency reports that losses from social media scams have increased eightfold and that social media scams resulted in higher losses than any other method scammers used to contact consumers.

Previous Article
Letterboxd, the social platform for film buffs, reportedly looking for new owner
Letterboxd, the social platform for film buffs, reportedly looking for new owner

Potential buyers of Letterboxd include Versant, the parent company of CNBC and MS NOW, and Hollywood media ...

Next Article
OpenAI ends Microsoft legal peril over its $50B Amazon deal
OpenAI ends Microsoft legal peril over its $50B Amazon deal

OpenAI has won major concessions from its largest shareholder, Microsoft, that will allow it to sell produc...

LINK CTA

Learn More