One in four people in the US who reported losing money to fraud between January 2021-June 2023 said it started on social media, resulting in losses worth $2.7B (Emma Fletcher/Federal Trade Commission)

Emma Fletcher / Federal Trade Commission:
One in four people in the US who reported losing money to fraud between January 2021-June 2023 said it started on social media, resulting in losses worth $2.7B  —  Scammers are hiding in plain sight on social media platforms and reports to the FTC's Consumer Sentinel Network point to huge profits.