Your Social Media Feed Is Now Just a High-Tech Mugging Facilitated by Algorithms

The digital economy of 2026 has officially devolved into a multi-billion-dollar dumpster fire where social media platforms act as the getaway drivers for AI-powered fraudsters. According to the latest data, consumer fraud losses have exploded to a staggering $12.5 billion, with platforms shamelessly cashing ad checks from scammers who use generative AI to hunt vulnerable populations—most notably seniors, whose reported losses quadrupled to $2.4 billion in just four years. While tech giants offer pathetic shrugs about "moderation challenges," the reality is a systemic collapse of trust where institutional greed ensures that your Grandma’s retirement fund is just another "revenue incentive" for a bot farm’s bottom line. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit misongrey.substack.com