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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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FTC data confirms job offer text scams are 4 times more common now and have cost job seekers almost $300 million

By
Matty Merritt
Matty Merritt
and
Morning Brew
Morning Brew
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By
Matty Merritt
Matty Merritt
and
Morning Brew
Morning Brew
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November 17, 2025, 4:15 PM ET
In the first half of 2025, reports of online job scams jumped by 19% compared to the same period last year.
In the first half of 2025, reports of online job scams jumped by 19% compared to the same period last year.Getty Images
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Job offer scams (likely more believable than this one) have exploded in the last few years, according to data from the Federal Trade Commission:

  • In the first half of 2025, reports of online job scams jumped by 19% compared to the same period last year, costing hopeful job-seekers almost $300 million.
  • Text scams have grown especially quickly in the last five years, with 20,673 reports last year compared with just 4,872 reports in 2020.

How do they work? You’ve probably received an unsolicited text from an unknown number—or from an email address that is just slightly off—with an “exciting” opportunity. Sometimes, scammers will pose as recruiters or post fake job offers on legit job sites like ZipRecruiter or LinkedIn, trying to get you to click on links that they promise lead to video interviews, but actually install malicious spyware on your device (or get you to reveal your Social Security number or bank info). One writer followed through on a scam job and worked for weeks without pay.

Big picture: While these kinds of scams exist in any kind of economy, they’re doubly pernicious in a weak labor market where so many Americans are desperately applying for work. Last month was the worst October for layoffs since 2003.—MM

This report was originally published by Morning Brew.

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