Social media has significantly altered the landscape of news dissemination, with approximately 2.95 billion users globally by 2020. During the COVID-19 pandemic, these platforms were crucial for spreading vital information and guidelines. However, they also became hotbeds for misinformation, fueled by a lack of regulation and the rapid spread of conspiracy theories. This study investigates the prevalence, types, motivations, and impacts of misinformation in Jaipur during the COVID-19 pandemic. By analyzing 130 widely circulated false news stories on Facebook, YouTube, Twitter, and WhatsApp, we categorize misinformation topics such as medical facilities' handling of COVID-19, false treatment methods, and unverified therapies. The primary media formats used to spread misinformation included text, photos, videos, and audio clips. Motivations behind misinformation ranged from sensationalism and promotion of specific drugs to undermining trust in government institutions. The consequences for Jaipur residents included increased psychological distress, adherence to unsafe medical advice, and economic instability. This paper highlights the significance of media literacy and public awareness in countering false narratives, and it also addresses the regulatory obstacles in mitigating misinformation on social media. The results emphasize the need of public health platforms, governmental organizations, and the media working together to reduce the spread of false information during and after social media crises.