Foundering

When Andrew Friedman pulled out an old Flip Video camera to watch a cherished video of his newborn son, his camera wouldn't turn on. It's happened to many of us: we buy the latest new app or gadget, but within a few years it becomes obsolete as the tech industry moves on, often leaving our files behind with it. So Andrew turned to Bloomberg Technology's Brad Stone for help. This week on Decrypted, Brad and Kristy Westgard go on a mission to get the videos back. It's part of a special season exploring the unintended consequences of technology.

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Ocean Falls in Canada had been mostly abandoned for the last 40 years—until an entrepreneur started building a facility to mine bitcoin there. Residents hoped the new business would help revive the struggling community. This season on Decrypted, we'll be exploring the unintended consequences of technology. In this episode, Bloomberg Technology's Joshua Brustein travels to Ocean Falls to see whether bitcoin's arrival has actually been good for the Canadian town. 

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The third season of Decrypted launches Sept. 4, and we're dedicating the entire season to exploring the unintended consequences of technology. We'll be releasing new episodes every Tuesday.

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We have a new host on Decrypted! Aki and Brad welcome Pia Gadkari to the mic, and Aki fills us in on some exciting news of her own.

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Last month, the world's most far-reaching data privacy regulation took effect in Europe. Consumers there can now not only ask companies to delete or hand over their data, but they can also sell that data to other businesses. This week on Decrypted, Bloomberg Technology's Nate Lanxon sets out to get his data back from several businesses and see whether anyone will pay him for his personal 

information.

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When Jared was just a pre-teen his childhood hobby, playing video games, morphed into a 

compulsive and eventually harmful obsession. Years later, he's still working to move 

past it, and he's not alone. This week on Decrypted, Bloomberg Technology's Pia Gadkari goes 

to Boston to meet Jared and his pediatrician Dr Michael Rich, whose research shows there 

are mental health repercussions for some children who spend hours online. Pia explores what 

parents as well as tech companies can do to identify — and address — the problem.

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When entrepreneur Mitchell Lee decided it was time to hire another engineer at his startup Penny, he set out to hire someone who broke the mold of a typical Silicon Valley programmer. This week on Decrypted, we're re-airing this episode that we first published in January 2017. At the end, you'll hear an update from Bloomberg Technology's Ellen Huet about what's happened at Penny since then.

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Texas food delivery startup Burpy was doing well, expanding from Austin to Houston, San Antonio and Dallas. But then Amazon got in to the same business. This week on Decrypted, Bloomberg Technology's Olivia Zaleski goes to Austin to chart one startup's struggle to survive while going up against a tech behemoth.

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The true identity of Satoshi Nakamoto, the unknown creator of the cryptocurrency bitcoin, is one of the tech industry's biggest unsolved mysteries. This week on Decrypted, Bloomberg Technology's Brad Stone and Julie Verhage ask the journalists who tried to find Satoshi why this secretive genius remains so elusive. And now that bitcoin is a global phenomenon, does unmasking Satoshi still matter anyway?

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Venezuela's spiraling economic crisis has forced many citizens to seek new ways of making money. This week on Decrypted, Bloomberg's Camila Russo and Brad Stone hear from one businessman who made the decision to quietly start mining bitcoin -- a smart move until it attracted the attention of the police. Authorities raided his office, and he says, tried to extort him -- forcing him to flee the country.

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There's a standoff brewing in Seattle. After years of double-digit growth in home prices, homelessness is surging and the city council is weighing a tax on big businesses to fund new affordable housing. But Amazon, Seattle's largest employer, threatened to curtail its expansion plans in the city if the tax took effect. This week on Decrypted, Bloomberg Technology's Karen Weise and Brad Stone explore this showdown between one of the world's largest companies and a city that has experienced both the benefits and drawbacks of Amazon's meteoric growth.

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In July, we brought you an investigation of the Moscow-based antivirus software maker Kaspersky Lab and its connections with the Russian government. A lot has happened since then. This week on Decrypted, you'll hear a shortened version of that original episode, as well as an update to catch you up on the latest developments. 

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Before they can take away our jobs, robots need to learn how to do them. This week on Decrypted, Bloomberg Technology's Joshua Brustein meets the people training these machines, and gives "robot piloting" a try himself. He also hears from the researchers developing ways for robots to learn more quickly. He discovers that, in some ways, machines capable of completing everything humans can are further away than you might think.

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Fasting is taking off in Silicon Valley, with everyone from entrepreneurs to established executives touting the health and productivity benefits. This week on Decrypted, Bloomberg Technology's Tom Giles and Selina Wang try it themselves to see what the hype is all about. They also speak to others in the tech community to understand why fasting has become so popular in the industry, and they examine a couple businesses that are hoping to capitalize on the trend.

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Kelly Ellis was excited when Google hired her as a software engineer in 2010. But soon, she started noticing things that made her wonder whether her male colleagues were making more money than her. This week on Decrypted, Bloomberg Technology's Ellen Huet and Aki Ito hear from Kelly as she recounts the red flags she saw, and why, after many years, she decided to sue Google for discrimination. Kelly and three other plaintiffs are now locked in a high-profile battle against a Silicon Valley giant, which has denied their allegations. This episode was produced in partnership with the Reveal podcast from The Center for Investigative Reporting and PRX.

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Over the last few months, governments around the world have cracked down on bitcoin and other cryptocurrencies. But one country is sticking to its crypto-friendly policies: Japan. This week on Decrypted, Bloomberg Technology's Yuji Nakamura and Aki Ito take you to Tokyo to meet the unlikely characters who helped turn Japan into the world's premier bitcoin hub, including investor Roger Ver, a.k.a. Bitcoin Jesus.

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Over the last few decades, Melinda Gates' philanthropy has taken her to all corners of the globe. But recently she's come to focus on an issue much closer to home: a dearth of women in tech. This week on Decrypted, Melinda sits down with Bloomberg Technology's Emily Chang to talk about her decision to back a venture capital firm run by two women, and what she hopes to achieve from that investment.

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As Facebook reels from a public backlash over its handling of user data, former employees are starting to air their hesitations and criticisms of the company they helped build. This week, Bloomberg Technology's Sarah Frier and Aki Ito hear from these former insiders to examine the mistakes that led to the company’s crisis today.

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We're hard at work on a new episode about Facebook's data scandal. We'll be publishing that later this week. Stay tuned.

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Since the advent of the internet, local newspapers like the U.K.'s Bournemouth Daily Echo have been relentlessly cutting costs to survive. Now, another wave of change is approaching: automation. This week, Bloomberg Technology's Jeremy Kahn visits the Echo's newsroom, which has been experimenting with computer-generated stories produced by a project funded by Google. The technology's helping the paper's editors serve its readers with fewer journalists. But will automation ultimately end up taking even more jobs?

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When Abigail Stone decided to start an online candle company, she had neither investors nor a product. But she found an early ally in the branding agency Red Antler, which agreed to help her get her business off the ground in exchange for a cut of her company. This week, Bloomberg Technology's Jing Cao and Brad Stone follow Abigail in the frenzied months leading up to and following the launch of her startup Otherland. Along the way, we'll see how much Red Antler can help an unknown entrepreneur stand out in the highly-competitive e-commerce industry—and we'll judge whether its services are worth the considerable price.

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By the time he was 27, Hector Monsegur had become one of the most notorious hackers on the internet. With the vigilante group Anonymous and its offshoot LulzSec, he launched attacks against multibillion-dollar companies and governments around the world. But then he got caught. This week on Decrypted, Bloomberg Technology's Aki Ito and Brad Stone bring you his story in its entirety, in two episodes. Part 1 recounts Hector's childhood as he fell in love with the internet, and gradually descended into the world of cybercrime. Part 2 traces his complicated journey to rebuild his life.

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By the time he was 27, Hector Monsegur had become one of the most notorious hackers on the internet. With the vigilante group Anonymous and its offshoot LulzSec, he launched attacks against multibillion-dollar companies and governments around the world. But then he got caught. This week on Decrypted, Bloomberg Technology's Aki Ito and Brad Stone bring you his story in its entirety, in two episodes. Part 1 recounts Hector's childhood as he fell in love with the internet, and gradually descended into the world of cybercrime. Part 2 traces his complicated journey to rebuild his life.

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Decrypted returns on March 6 with a brand new season. Here's a sneak peek of what's in store. We'll be releasing new episodes every Tuesday starting next week. 

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This week, Brad and Aki have a special announcement: Decrypted will be on break for the next few weeks. The team's already hard at work on a bunch of new stories for 2018, and we promise they'll be worth the wait. In the meantime, happy holidays! We'll be back with weekly episodes in February. 

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Cryptocurrencies have exploded in 2017. But while prices are surging, transactions are facing long delays because the networks are flooded with traffic. This is the problem facing the Ethereum network, which, along with its digital currency ether, has quickly become the world's No. 2 cryptocurrency after Bitcoin. And one man, Vlad Zamfir, has a plan to fix it. This week, Bloomberg's Matthew Leising and Brad Stone speak to Zamfir about his big dreams for Ethereum and how his project (codenamed Casper) could pave the way for masses of ordinary internet users to join in the craze.

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From a young age, Cyrus Massoumi knew he wanted to become rich one day. In 2012, he figured out how: by creating an inflammatory, hyper-partisan news site that used Facebook to make its articles go viral. This week, Bloomberg Technology's Sarah Frier and Aki Ito talk to Cyrus about how MrConservative.com's success sparked a frenzy of other sites like it. Cyrus watched the phenomenon snowball—until one day he realized he had created a monster.

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When Francisco Riordan suspected his company of breaking the law last year, he secretly reached out to federal regulators. His actions helped set in motion events that left Rothenberg Ventures subject to a government investigation and multiple lawsuits -- and according to Francisco, cost him his own job. This week, we're re-broadcasting this May episode, in which Francisco first went public with his role as a whistleblower. At the end, you'll hear a recent conversation between Decrypted's Aki Ito and Francisco, who give us an update on his life. There's valuable advice here for people who are considering calling out their own employers for bad behavior.

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For a decade, Ken Sena has had a classic Wall Street job as an equity analyst, which means he researches companies to help investors decide which stocks to buy and sell. Last year, he met developer Bryan Healey, who helped build the AI assistant Alexa at Amazon. The two of them embarked on a curious challenge: to make a computerized version of Ken that can dole out its own stock recommendations. This week on Decrypted, Bloomberg Technology's Alistair Barr and Julie Verhage meet Ken and Bryan's creation. What does their breakthrough mean for the future of Ken's profession? And will we all soon be taking investment advice from robots? 

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A few months ago, Bloomberg Technology's Adam Satariano found an unflattering video of himself going viral on Instagram. Someone had filmed him riding the train, furiously typing on his phone. That discovery and his quest to get the video deleted got Adam thinking about the changing nature of online privacy. This week on Decrypted, we meet the man behind SubwayCreatures, the popular Instagram account that briefly featured the video of Adam. As internet companies face growing pressure to police more of what's on their platforms, Adam and Aki Ito ask: do we want these businesses to become the editors of our digital lives?

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Fake news, Russia and the U.S. election: It's been one of the biggest stories over the last year. Last week, it all came to a head as Congress summoned representatives from Facebook, Google and Twitter to explain how Russia used their platforms to sway the minds of American voters. This week on Decrypted, Bloomberg Technology's Sarah Frier, Gerrit De Vynck and Joshua Brustein discuss how we got here and what consequences these tech giants could face as lawmakers prepare to take action.

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In 2014, WeWork told its investors that its next big thing would be a product called WeLive: a dorm-like apartment that applies the company's success in providing office space to the home life. Investors were told there would be 34 WeLive locations by the end of 2017; today, there are just two. This week on Decrypted, Bloomberg Technology's Ellen Huet spends five nights at a WeLive apartment in New York to figure out why growth has come so slow, and what that means for the future of this $20 billion startup.

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Back in May, we brought you an episode about the life of Japanese billionaire Masayoshi Son, who at that time had just raised his $93 billion tech fund. This week, we'll play you a wide-ranging conversation that Son had for a Bloomberg TV series called The David Rubenstein Show: Peer-to-Peer Conversations. Among the topics Son discusses: the dot-com crash in which he lost much of his wealth, the 45-minute conversation he had with one investor that led to a $45 billion commitment, and his vision for the future of humanity. 

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At the center of the crisis enveloping the world's most valuable startup is Uber's mounting legal problems: The ride-hailing giant today faces at least five criminal probes from the U.S. Justice Department, as well as dozens of lawsuits. This week, Bloomberg Technology's Eric Newcomer and Brad Stone explain how things got so bad. They'll also discuss the challenge ahead as the company's new CEO scrambles to get Uber back on stable footing.

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In 2015, Iran signed a landmark deal with global superpowers. An end to Iran's isolation pointed to a bright future for the country's budding tech scene -- but then, Donald Trump, a vocal critic of the nuclear agreement, won the U.S. presidency and once-eager foreign investors got spooked. This week on Decrypted, Bloomberg's Ladane Nasseri visits the founders of a homegrown e-commerce startup called Koodakoo as well as several other companies. These young entrepreneurs are awaiting Trump's next move -- and what his actions would mean for the future of their businesses -- as he threatens to renegotiate and even withdraw from the nuclear agreement. 

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Many of Silicon Valley's most celebrated companies build software -- but these days, the startup everyone's talking about is Stance, which makes socks. This week, Bloomberg Technology's Sarah McBride visits Stance to see why venture capitalists have poured $110 million into a business that has little to do with technology. 

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A devastating cyberattack on Equifax has compromised critically sensitive information on 143 million U.S. consumers. While we won't know the full repercussions for years, this week on Decrypted, Bloomberg Technology's Lizette Chapman explores the worst possible things that could happen to these people whose information was stolen. You may think that identity theft ends after a couple canceled credit cards, but Lizette speaks to victims who spent years rebuilding their shattered finances and lives. Lizette and Brad also outline what you can do right now to protect yourself -- although nothing can guarantee complete safety on today's internet. 

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As news continues to break about Russia's attempts to influence and hack the U.S. election, this week we're re-airing an episode from 2016 about how investigators traced the breach of the Democratic National Committee's email servers to Russian spies. At the end of the episode, Brad and Bloomberg Technology's Jordan Robertson discuss everything that's happened since then. 

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Despite tremendous advances over the last decade, electric cars have yet to go mainstream. Even once Tesla ramps up production of its Model 3 cars, one obstacle will remain: a lack of infrastructure lining America's roads. This week on Decrypted, Bloomberg Technology's Pia Gadkari dives deep into the companies, led by Tesla, that are trying to tackle this problem -- by pouring millions of dollars into building a network of charging stations. 

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In China, parents are desperately seeking good teachers for their children. A number of local tech startups are meeting that demand; one is even connecting them with American tutors halfway across the world. This week, Bloomberg Technology's Peter Elstrom explores VIPKid's data-driven approach to online tutoring, to see what it means for Chinese students, as well as the U.S. teachers who are finding a new source of employment.

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The year is 2005, the company is Apple. The iPod is a smash hit, but then-CEO Steve Jobs decides it's time to cannibalize the company's star product with a gamble: a smartphone. A decade after those phones reached the hands of the first consumers and changed the history of computing, Bloomberg Technology's Mark Gurman goes deep behind the scenes with the people who raced to get that original iPhone ready. On the eve of the product's unveiling, a crisis almost derailed the entire project. Mark and Brad also discuss the various features that people can expect from the iPhone 8, which Apple's set to announce next month.

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We hear a lot about the approaching end of the fossil fuel era. But as various companies work on wind and solar, there's a group of scientists quietly working on another method of generating electricity, in the lab that once created the atomic bomb. This week, Bloomberg Technology's Jing Cao visits the researchers who are smashing hydrogen atoms together in a process called nuclear fusion. They say they're on the brink of a major milestone, but they face an age-old problem: not enough funding.

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A sailor and a windsurfing champion are trying to crack your morning commute with a new kind of transportation device: a zero-emissions boat that looks like it flies above the water. This week, Bloomberg Technology's Marie Mawad and Aki Ito take a look at the challenges that lie ahead for this startup, now that the company has developed a working prototype in France. This follows last week's episode on another entrepreneur's lifelong passion for flying cars.

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Silicon Valley currently has a serious case of flying car fever, but this isn't the first time enthusiasm for these vehicles has gripped the industry. This week, Bloomberg Technology's Alistair Barr and Aki Ito visit the man who's spent his entire life trying to turn his Jetson-like vision into reality. It's a story of unwavering and maybe even irrational optimism that's cost Paul Moller more than $100 million and led him to declare bankruptcy and face allegations of fraud. 

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Over the last few weeks, several woman have come forward with their accounts of being harassed in the tech industry. This week, Bloomberg Technology's Aki Ito and Sarah McBride hear from a woman who's never spoken publicly about her experience. The episode also includes interviews with multiple women who were instrumental in exposing what many have called Silicon Valley's "open secret" and recount what their lives have been like since sharing their stories. Please note: This episode includes discussion of adult content. 

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One of President Donald Trump's biggest priorities is to bring manufacturing jobs home, and advances in industrial automation are making it cheaper and easier to do that. But a plant full of robots requires fewer workers. This week Bloomberg Technology's Alex Webb takes a look at whether these factories of the future could still give a boost to communities in the heartland. 

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A few months ago, a startup called Meta started clearing out the computer monitors that sat on employees' desks -- asking them to instead use the company's augmented reality headsets, which overlay holograms on top of the real world. This week, Bloomberg Technology's Selina Wang visits Meta to see how its workers have fared in this transition. Could desktop computers soon become as outdated as typewriters?

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Moscow-based Kaspersky Lab's software is everywhere in the U.S., keeping ordinary consumers as well as banks and power plants safe from cyber attacks. But some within the U.S. government are getting worried about the Russian company's connections with its own government, questioning whether Kaspersky Lab can be trusted to safeguard key parts of the U.S. digital infrastructure. This week, Bloomberg Technology's Jordan Robertson reveals details from his investigation outlining Kaspersky Lab's connections with the Kremlin. Jordan will also play clips of a conversation with the company's founder Eugene Kaspersky that have never been aired before.

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In January, we brought you the story of a cyber weapons deal involving the government of the West African nation Mauritania. It was a deal that ultimately fell apart. But while the Indian businessman brokering the deal managed to walk away with about a million dollars, Mauritanian officials have been holding hostage one of his bodyguards for nearly two years. If you haven't heard the original episode, go back and listen. Because this week, Bloomberg Technology's Jordan Robertson and Aki Ito have a spoiler for you. This episode is an update to "Inside A Multinational Cyber Weapons Deal That Went Bust."

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A new generation of fitness gadgets is just starting to reach consumers, and they do so much more than track your activity -- they actually tell you what to do, just like a personal trainer. This week, Bloomberg Technology's Aki Ito tests 17 devices and sees if any of them are as good as the real thing: working out with a human trainer.

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