Skip to main content
DailyComposite logoDailyComposite

AI Bias Analysis

4 models · Takes ~15 seconds

Engadget

The FTC says Americans lost at least $2.1 billion to social media scams in 2025

The FTC says Americans lost at least $2.1 billion to social media scams in 2025
ShareXFacebook

Americans lost at least $2.1 billion in 2025 to scams that originated on social media, according to the Federal Trade Commission. That figure marks an eightfold increase since 2020. The FTC said Americans reported losing $1.1 billion last year to investment scams that started on social media. These often began with a post or ad offering a program that claimed to help people learn how to invest. Mo

E

Source

Engadget

Read full article at Engadget

Opens original article in a new tab

Advertisement

Related Tech Stories

You can get dragged into a police investigation by proximity alone — for now
The Verge

You can get dragged into a police investigation by proximity alone — for now

A years-old bank heist may soon have major privacy implications for every American who owns a cellphone. On Monday, the Supreme Court heard arguments in Chatrie v. United States, a case involving police's use of controversial "geofence warrants" to find and arrest Okello Chatrie, the suspect of a 2019 bank robbery outside Richmond, Virginia. At stake is how private your location data - and any other information you store with a large tech company - actually is. Chatrie was tracked down via the

Read more →
Advertisement