this post was submitted on 27 Apr 2026
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154
New FTC Data Show People Have Lost Billions to Social Media Scams (www.ftc.gov)
submitted 3 weeks ago by TryingToBeGood@reddthat.com to c/technology@lemmy.world
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Social media was the costliest fraud contact method in 2025 and reported losses increased eightfold since 2020

Reports show that in 2025, people reported losing more money to scams that started on Facebook than on any other social media platform. WhatsApp and Instagram were a distant second and third. In 2025, people reported losing far more money to scams on Facebook alone than they reported losing to text or email scams.

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[–] Blackfeathr@lemmy.world 4 points 3 weeks ago* (last edited 3 weeks ago)

Ah yeah you're right, I conflated the 17 strikes thing with the scammers instead of the pedos.

For some reason I can't find the article anymore now but I remember reading that Facebook was very lenient on scam accounts because it was still making them money indirectly through engagement and scam sales on the platform.

The Epstein class cares very much if financial crimes directly affect their money, that's true, but they have zero empathy when it happens to The Poors.