FTC: Americans Lost $2.1 Billion to Social Media Scams Last Year

The FTC reports that Americans lost $2.1 billion in 2025 to scams that began on social media, with nearly 30% of reported losses traced to social platforms and Facebook alone responsible for about $794 million. The report notes an eightfold increase in social-media-originated losses since 2020, describes common scam methods (hacked accounts, exploiting posts, targeted ads), and offers consumer-focused prevention guidance.