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Evening Standard
Evening Standard
Vicky Shaw

More than half of people who acted on social media financial advice ‘lost money’

More than half of people who have acted on financial advice they came across on social media said they ended up losing money, according to a bank.

Of the 31% of people who said they had acted on financial advice on social media platforms, 55% said they had lost money, the research, commissioned by TSB, found.

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