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. More than 40 percent of Americans who lost money through a social media scam last year blamed shopping-related ads, many of which took them to "unfamiliar websites," the FTC said. The agency also highlighted the problem of romance scams that start on social media. Most of these scams started on Facebook, with WhatsApp and Instagram in "a distant second and third," the FTC noted. [...]
Rebecca Kelly Slaughter, one of the Democratic FTC Commissioners President Trump had fired back in March, said she looks forward to getting back to work. US District Judge Loren AliKhan has just ruled [...]
The FTC and seven states sued Ticketmaster owner Live Nation on Wednesday. The lawsuit accused the company of knowingly allowing brokers to buy tickets in bulk. Ticketmaster allegedly then let them re [...]
Media Matters for America has sued the US Federal Trade Commission, claiming that the agency is unfairly targeting it in retaliation for past criticisms of the social media platform X in violation of [...]
Think you might have met someone “attractive, single and successful” on Facebook or Instagram? You might want to think again, Meta says. Ahead of Valentine’s Day, the company is once again warni [...]