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

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

Imagine this: you're scrolling through your favourite social media feed, maybe catching up with friends, or looking for a new gadget. Suddenly, a message pops up, perhaps from someone you think you know, or an ad for an investment opportunity that seems too good to be true. You click, you engage, and before you know it, you're caught in a web of deception that costs you dearly. Sound familiar? For millions, it's a harsh reality. The Federal Trade Commission (FTC) just dropped a report that shoul