Facebook, Instagram Shopping Scams Run Wild And Rake In Millions

Data recently released by the Federal Trade Commission (FTC) shows that the number of complaints about social media shopping scams more than tripled over the last year. Consumers reported losing more than $117 million to this type of scam in just the first six months of 2020 compared to $134 million for all of 2019, according to the FTC’s latest Consumer Protection Data Spotlight.

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