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Will the Real Scott Galloway Please Stand Up? | Pivot

May 20, 2025 / 01:30

This episode discusses AI-generated scams, specifically a fake representation of a guest promoting stock tips via WhatsApp. The conversation highlights the challenges of combating such scams on social media platforms.

The guest shares their experience of receiving messages about a video that misrepresented them, claiming to offer stock advice. They express frustration over the lack of action from Meta, the parent company of Instagram, in addressing the issue.

Concerns are raised about the effectiveness of current measures against financial fraud on social media, with the guest questioning why more stringent actions are not taken against repeated offenders.

The discussion also touches on the broader implications of these scams and the responsibility of tech companies to protect consumers from fraudulent activities.

TLDR

AI scams misrepresenting guests for stock tips raise concerns.

Episode

1:30

00:00:00

I started getting text messages of a video that was running on Instagram and it was me saying each week get my three

00:00:09

best stock tips right now on the the WhatsApp. I have a WhatsApp group. Fake Scott. It looked pretty good on a phone

00:00:16

on a computer. You could tell it was AI, but it looked pretty good. And people were sending it to me saying, "Are you

00:00:21

aware of this? Should I do this?" So, someone, a scammer, had figured out a

00:00:26

way to create an AI representation of me trying to get people into spending money

00:00:29

to join a WhatsApp group where I would make quote unquote stock picks. We complained viciferously early and often

00:00:36

to Meta. You can still find it, Cara. Yep. They don't care. It's like, oh,

00:00:41

people are clicking on it. Yeah. And what I don't get is they could absolutely use AI themselves to figure

00:00:48

out this and take down. Yeah. They want more advertisers. Do you remember when Amazon was doing books of

00:00:53

mine that weren't books of mine? It's the same thing. But these companies

00:00:56

don't want to fix this stuff. Otherwise, they would clean it up. They want more

00:01:00

advertisers. It's the consistent record of this company to screw consumers before taking the costs

00:01:07

that it would take to do this. Can you imagine that many knocks before you get thrown off? 32 automated strikes for

00:01:13

financial fraud before banning accounts. Why isn't it two or five? or why don't

00:01:18

we investigate after 5 and then dump after 10 or something. It's a company that doesn't care about that.

00:01:25

[Music]

Episode Highlights

AI Impersonation Scam
A scammer created an AI version of me to lure people into a WhatsApp group.
“Someone, a scammer, had figured out a way to create an AI representation of me.”
@ 00m 26s
May 20, 2025
Meta's Indifference
Despite complaints, Meta continues to allow scams to thrive for profit.
“They don’t care. It’s like, oh, people are clicking on it.”
@ 00m 39s
May 20, 2025
Consumer Safety Ignored
Companies prioritize advertisers over consumer protection, leading to rampant scams.
“It’s the consistent record of this company to screw consumers.”
@ 01m 02s
May 20, 2025

Episode Quotes

They want more advertisers.
Will the Real Scott Galloway Please Stand Up? | Pivot
Can you imagine that many knocks before you get thrown off?
Will the Real Scott Galloway Please Stand Up? | Pivot

Key Moments

AI Scam Alert00:26
Meta's Apathy00:39
Consumer Betrayal01:02