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I'm Imran Shake and your Wednesday Daily Crunch featuring three big tech headlines starts

right now.

Americans lost $2.1 billion to social media scams in 2025, according to a new report from the U.S.

Federal Trade Commission, the FTC. The agency reports that losses from social media scams have

increased eightfold and that social media scams resulted in higher losses than any other method scammers

used to contact consumers. Nearly 30% of people who reported losing money to scams said the

schemes began on social media. More people reported losing money to scams that originated on

...