On 10/21/2020, the Federal Trade Commission (FTC) released data related to recent social media scams. In their release, the FTC explains that their data reflects a tripling of scams that started on social media. Of the list of complaints received from consumers, online shopping through Facebook or Instagram where a purchased item was never received was the most reported scam that originated on social media. Other top scams that started on social media included romance scams, economic relief, or income opportunities.
The full FTC release can be found here.