Americans Lost $2.1 Billion to Social Media Scams in 2025, FTC Report Finds
Americans lost $2.1 billion to social media scams in 2025, an eightfold increase, according to the FTC. Facebook was the leading platform for scam origins, followed by WhatsApp and Instagram. Shopping scams were most common (40%+), while investment scams totaled $1.1 billion and romance scams predominantly started on social media.