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Social Media Ads Scammed User Out of $2.7 Billion Within the Last Couple of Years

Written by on October 20, 2023

A new report says people have been scammed out of billions of dollars on social media according to the Federal Trade Commission.

Online shopping from social media ads on Facebook and Instagram made up for 44% of the scams.

Scamming people with fake investment opportunities was at 53% and online romance also played a role in the $2.7 billion dollars that people lost.


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