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Consumer Reports: Social media scams

Consumer Reports: Social media scams
3 hours 21 minutes 7 seconds ago Wednesday, February 04 2026 Feb 4, 2026 February 04, 2026 6:28 PM February 04, 2026 in News - Consumer News

That “easy money” or “rapid weight loss” ad in your social feed may actually be a scam.

A recent Reuters investigation alleges that Meta, the parent company of Facebook and Instagram, earned billions from fraudulent ads, leaving consumers on the hook, including an increasing number of young people. And as Consumer Reports explains, the problem isn’t going away.

Thomas in Utah had his credit card information stolen after buying, but never receiving the product advertised on Instagram. And the items Theresa from Nebraska bought through a Facebook ad were not at all like the ones in the photos. Consumer Reports says stories like these, submitted to its website, are becoming more common. Consumers reached out to CR stating yes, I saw an ad on Facebook. It seemed too good to be true. And guess what? It was!

Reuters says their investigation found that a large number of ads on Meta’s social media sites were scams served up to users by Meta’s algorithm. They did a deep dive and said that up to 10 percent of the company's global revenue was coming from ads for scams or other illegal activity. According to Reuters, Meta was aware of the problem but undercut efforts to stop it while projecting roughly $16 billion in earnings from scam ads.

In a statement to Consumer Reports, Meta said, “We aggressively fight fraud and scams,” and said the documents Reuters relied on, “present a selective view that distorts Meta’s approach to fraud.”

In response to claims that 10 percent of its revenue was generated by scam ads, Meta says that number was based on a rough estimate, and subsequent audits found that many of the ads were not violating its terms and conditions.

Short of swearing off social media altogether, CR says there are steps families can take – 

Be Skeptical: Treat ads for unbelievable deals with extreme caution. And if an ad looks suspicious, report it. You can report ads on Facebook and Instagram immediately by clicking the three dots in the top right corner or anytime by visiting Meta’s ad library, linked on our website.

CR says parents can share these tips with their kids and teens when discussing ways to stay safe online.

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