FTC Says $2.1 Billion Was Lost to Scams Last Year—and Many Started the Same Way

The government has some warnings for consumers buying products on making investments on social media.

BY MOSES JEANFRANCOIS, NEWS WRITER @MOSESJEANS

Illustration: Inc; Photo: Getty Images

Check your screentime and dial back on your scrolling. Nearly 30% of people who lost money on a scam reported that it started on social media. 

Data from the Federal Trade Commission showed a reported total loss of $2.1 billion in 2025, with an eightfold increase in social media scams since........

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