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In the summer of 2020, amid a pandemic, historic unemployment and racial unrest, President Donald Trump developed a bizarre obsession with TikTok. In this episode, reporter Shelly Banjo and her colleagues take you aboard Air Force One and into the surreal tit-for-tat fight between TikTok and one of the most powerful men in the world.
Updated May 27, 2021 to reflect ByteDance CEO Zhang Yiming's decision to step down.
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After Donald Trump is elected president, tensions between the United States and China escalate. Several American politicians, security experts and even Facebook’s Mark Zuckerberg turn their attention toward TikTok. In this episode, reporter Shelly Banjo looks into the fundamental question facing TikTok: What user data does TikTok collect, and can that information wind up in the hands of the Chinese government?
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While TikTok is known primarily as a breeding ground for funny memes, dance routines and lip-synching videos, there’s a dark side to TikTok that starts with the young children who populate the app. In this episode, reporter Shelly Banjo looks into the consequences of TikTok’s failure to safeguard its adolescent user base. Warning: This episode contains difficult and disturbing reporting, including stories about the sexual exploitation of minors.
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TikTok has redefined American pop culture and upended the music industry, advertising and the economics of fame. In this episode, reporter Shelly Banjo examines TikTok’s hands-on approach with its creators and artists, minting a new generation of social media stars and positioning TikTok’s parent company as the first Chinese tech giant to come out with a truly global consumer app.
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TikTok is powered by sophisticated artificial intelligence that predicts what users want to see next. This technology was developed at ByteDance, TikTok’s Chinese parent company and the most valuable startup in the world. In this episode, reporter Shelly Banjo explains how ByteDance founder and CEO Zhang Yiming fundamentally changed how a generation consumes media on their phones.
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Alex Zhu, a Chinese tech entrepreneur, was seated on a train in Silicon Valley across from a group of teenagers. He watched as the kids were listening to music and making videos on their phones, and he decided to create an app that combined the two cultural obsessions. The resulting platform would become the social media powerhouse now known as TikTok. In this episode, reporter Shelly Banjo explains the genesis of Gen Z’s favorite app.
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TikTok emerged as the defining app of a generation: a cultural tastemaker, a musical hitmaker and a launchpad for a new breed of celebrity. But as the app reached over 2 billion downloads, TikTok became a victim of its own success, attracting sharp scrutiny from the world’s two most powerful countries. In this season of Foundering, Bloomberg Technology reporter Shelly Banjo tracks the rise of TikTok by taking listeners inside the mysterious Chinese mega-startup behind the phenomenon and the political hysteria that followed.
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A few decades ago, nobody really questioned vaccines. They were viewed as a standard part of staying healthy and safe. Today, the number of people questioning vaccines risks prolonging a pandemic that has already killed hundreds of thousands of Americans. How we got to this moment didn’t start with the rollout of vaccines or in March 2020, or even with the election of Donald Trump. Our confidence in vaccines, often isn't even about vaccines. It’s about trust. And that trust has been eroding for a long time. Doubt, a new series from Bloomberg’s Prognosis podcast, looks at the forces that have been breaking down that trust. We'll trace the rise of vaccine skepticism in America to show how we got here — and where we’re going. Doubt launches on March 23. Subscribe to Prognosis today on Apple Podcasts, Spotify or wherever you get your podcasts.
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After WeWork's failed IPO, thousands of employees were laid off and the company teetered on the brink of collapse. Meanwhile, ousted CEO Adam Neumann flew to Israel with a generous exit package in hand. In this final episode of Foundering, reporter Ellen Huet surveys the wreckage of WeWork. Adam's executives and employees were asking themselves: Did Adam ever really believe in the values he preached? And what lessons will the world draw from WeWork's crash?
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WeWork had spent nine years chasing lightning-fast growth, burning billions of dollars, and expanding around the world. In 2019, the company reached a turning point: WeWork needed even more cash, and Adam Neumann decided to take his company public with a massive IPO. But suddenly, in the span of a few weeks, his plan crashed spectacularly. The almost-IPO flopped and WeWork became a laughingstock. In this episode, reporter Ellen Huet asks: How did the company's fortune flip so fast, and why didn't they see it coming?
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The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 100 other environmental activists in Honduras had been killed in the previous five years, yet almost no one had been punished for the crimes. Bloomberg’s Blood River follows a four-year quest to find her killers – a twisting trail that leads into the country’s circles of power.
Blood River premieres on July 27.
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Adam Neumann always had wild ambitions. By 2017, he had found an even wilder investor who wanted to fund those ambitions: SoftBank CEO Masayoshi Son. Adam spent his billions from SoftBank on competitive tactics, seemingly random investments, and even an elementary school. In this episode, reporter Ellen Huet explores why this free-wheeling spending was so odd: Adam knew this was a bad idea. In exclusive recordings from internal meetings in 2016, he warned his employees that they had to cut back on WeWork's "spending culture." But once the money poured in, it appeared like he forgot his own advice.
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What happened at WeWork when things got ugly between the company and its employees? As WeWork expanded, a handful of employees wanted to speak out and interrupt the public image that WeWork was presenting to the world. In this episode, reporter Ellen Huet follows the stories of two former workers, some of the first insiders to speak up about what they saw on the job.
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To its thousands of employees, WeWork was much more than a job. Founder Adam Neumann leveraged his employees’ emotions to motivate them. In exclusive tapes obtained by Bloomberg, Adam lectured employees that working at WeWork was special: “You do not get a chance like this again.”
In this episode, a former employee describes the tumultuous experience of working inside WeWork’s headquarters, from their raucous parties to the late night meetings.
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WeWork sold office space, but also it sold something else: fun. Beer flowed freely, members partied at the office, and your work was your life. But getting these offices off the ground was utter chaos, especially for the burgeoning company’s young, inexperienced workers. In this episode, reporter Ellen Huet takes a look at WeWork’s early days, when the company was growing so fast that some buildings opened without doors or functioning bathrooms.
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The WeWork Story, Part 1:
When Adam Neumann dreamed up WeWork, he took inspiration from part of his childhood: his years on a kibbutz in Israel. On stage when discussing WeWork, he waxed poetic about the spirit of community he had found there, and how WeWork was similar, but different -- a “kibbutz 2.0.” So reporter Ellen Huet wanted to find out: Was the kibbutz anything like a WeWork? And how did it shape what Adam later built?
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Adam Neumann had a vision: to make his startup WeWork a wildly successful company that would change the world. He convinced thousands of other people -- customers, employees, investors -- that he could make that dream a reality. And for a while, he did. He was one of the most successful startup founders in the world. But then, in the span of just a few months, everything changed.
Foundering is a new serialized podcast from the journalists at Bloomberg Technology. This season, we’ll tell you the story of WeWork, a company that captured the startup boom of the 2010s and also may be remembered as a spectacular bust that marked the end of an era.
Foundering premieres June 25, 2020.
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Bloomberg Technology reporter Ellen Huet has some exciting news about what's coming in the Decrypted feed. We’re launching a new show, Foundering, and spending our entire first season looking at the story of WeWork.
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This week on Decrypted, hosts Aki and Brad get together one last time for an announcement: This will be the very last episode of Decrypted. They also look back at some of their favorite episodes from the show, with updates on where those stories are today. (But don't unsubscribe from this feed because we'll be announcing a new show next spring!)
For a list of episodes Aki and Brad will be discussing:
Young Blood and the Pursuit of Eternal Youth
He Sparked the Fake News Boom. Then Facebook Broke His Business
A Hacker's Redemption, Part 1 and Part 2
Inside a Multinational Cyber Weapons Deal That Went Bust
Meet the Whistleblower Behind a Silicon Valley Meltdown
Human vs Machine: Fitness Gadgets
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Computers can now drive cars, identify faces and transcribe speech, but many experts said that it would take much longer for AI to tackle creative endeavors. This week on Decrypted, Bloomberg Technology's Natalia Drozdiak meets three composers using artificial intelligence to make music, and she and host Aki Ito dissect their robo-generated songs.
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