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Will the Real Scott Galloway Please Stand Up? | Pivot

May 20, 2025 / 01:30

This episode discusses AI-generated scams, focusing on a fraudulent WhatsApp group impersonating Scott. Scott shares his experience with a scammer using AI to create a convincing video of him promoting stock tips. He emphasizes the lack of action from Meta despite complaints about the scam. The conversation critiques the company's prioritization of advertising revenue over consumer protection.

Scott explains how the scam appeared legitimate on mobile devices, leading to confusion among his followers. He expresses frustration over Meta's slow response to such issues, highlighting a pattern of negligence in addressing scams. The episode also touches on similar past experiences with Amazon and unauthorized use of his work.

The discussion raises questions about the effectiveness of current measures against financial fraud on social media platforms, suggesting that stricter regulations could help protect consumers.

TL;DR

Scott discusses an AI scam impersonating him for stock tips.

Video

00:00:00
I started getting text messages of a
00:00:03
video that was running on Instagram and
00:00:05
it was me saying each week get my three
00:00:09
best stock tips right now on the the
00:00:12
WhatsApp. I have a WhatsApp group. Fake
00:00:14
Scott. It looked pretty good on a phone
00:00:16
on a computer. You could tell it was AI,
00:00:18
but it looked pretty good. And people
00:00:20
were sending it to me saying, "Are you
00:00:21
aware of this? Should I do this?" So,
00:00:24
someone, a scammer, had figured out a
00:00:26
way to create an AI representation of me
00:00:27
trying to get people into spending money
00:00:29
to join a WhatsApp group where I would
00:00:31
make quote unquote stock picks. We
00:00:33
complained viciferously early and often
00:00:36
to Meta. You can still find it, Cara.
00:00:39
Yep. They don't care. It's like, oh,
00:00:41
people are clicking on it. Yeah. And
00:00:44
what I don't get is they could
00:00:45
absolutely use AI themselves to figure
00:00:48
out this and take down. Yeah.
00:00:50
They want more advertisers. Do you
00:00:51
remember when Amazon was doing books of
00:00:53
mine that weren't books of mine? It's
00:00:54
the same thing. But these companies
00:00:56
don't want to fix this stuff. Otherwise,
00:00:58
they would clean it up. They want more
00:01:00
advertisers. It's the
00:01:02
consistent record of this company to
00:01:04
screw consumers before taking the costs
00:01:07
that it would take to do this. Can you
00:01:09
imagine that many knocks before you get
00:01:11
thrown off? 32 automated strikes for
00:01:13
financial fraud before banning accounts.
00:01:16
Why isn't it two or five? or why don't
00:01:18
we investigate after 5 and then dump
00:01:21
after 10 or something. It's a company
00:01:23
that doesn't care about that.
00:01:25
[Music]

Episode Highlights

  • AI Scam Representation
    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
  • Corporate Negligence
    Companies prioritize advertising revenue over consumer protection, leading to rampant fraud.
    “They want more advertisers.”
    @ 01m 00s
    May 20, 2025
  • Frustration with Fraud Policies
    Questioning the effectiveness of automated fraud detection systems.
    “Can you imagine that many knocks before you get thrown off?”
    @ 01m 09s
    May 20, 2025

Episode Quotes

Key Moments

  • AI Scam00:26
  • Corporate Greed01:00
  • Fraud Detection Issues01:09

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