How a CEO’s Faked Results Led to a $300 Million Wipeout
Big Take6 Touko 2025

How a CEO’s Faked Results Led to a $300 Million Wipeout

In late 2018, five years after launching fish-feeding company eFishery, Gibran Huzaifah found himself all out of cash. To save his business, the CEO started plugging fake numbers into financial reports. The brighter picture drew hundreds of millions of investor dollars. But his house of cards was doomed to collapse.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's David Ramli about the fall of eFishery and what it says about the risks of venture capital investing.

Read more: CEO Explains How He Faked Results in $300 Million Meltdown

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What Happens if the Supreme Court Kicks Affirmative Action Off Campus?

What Happens if the Supreme Court Kicks Affirmative Action Off Campus?

For decades, colleges and universities across the US have promoted the value of having a diverse student body on campus.  The Supreme Court could soon change that. On Oct. 31, the justices will consider two challenges to affirmative action in college admissions, and if they choose to strike it down, there will be enormous repercussions for who gets into the nation’s top schools — and who doesn’t. So what will college campuses look like in an America without affirmative action? And are there other ways for admissions officers to work around a potential ban on the practice?  Bloomberg Senior Reporter Greg Stohr joins with insights on what we can expect from the Supreme Court, and Equality Reporter Kelsey Butler explains how colleges around the country are bracing for massive disruption.  Learn more about this story here: https://bloom.bg/3SO4b0m Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

31 Loka 202228min

Clash of the Streaming Titans

Clash of the Streaming Titans

Remember when everyone loved to complain how there were 150 channels on TV and nothing good to watch? It’s pretty hard to say that now. There are so many good shows being made. Our new complaint: how hard it is to watch all those great shows, especially when they’re spread across so many streaming services—and most of them you have to pay for. How did we get here?  Bloomberg media reporter Felix Gillette has answers.  He’s the co-author of the upcoming book It's Not TV: The Spectacular Rise, Revolution, and Future of HBO.Felix joins this episode to break down why TV has never been better–and yet has never been more frustrating to watch.  Bloomberg’s entertainment reporter Lucas Shaw also stops in to explain how this shift has changed the way Hollywood decides which shows get made--and which ones don't.Read the Book excerpt here: https://bloom.bg/3SI08CA Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

28 Loka 202229min

The US Middle Class Is Doing Fine. Why Are They So Worried?

The US Middle Class Is Doing Fine. Why Are They So Worried?

Hello and welcome to The Big Take Podcast! Today: The good news, and not so good news, about the US middle class. With inflation rising, the stock market ping-ponging and housing prices softening, that broad swath of Americans who form the backbone of the US economy are getting hit on all sides. Bloomberg reporters Shawn Donnan, Alex Tanzi, Claire Ballentine and Airielle Lowe teamed up to take a look at how middle-income Americans are doing. The answer: Not so badly, actually–at least on paper. Even so, they’re worried about what’s next for them. And they have good reason to be. Shawn sits down with Wes to share the results from their exclusive polling and what these precarious economic times mean for the fortunes of working Americans. Learn more about this story here: https://bloom.bg/3faCxwM Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK  Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.

27 Loka 202229min

Introducing: The Big Take

Introducing: The Big Take

Each weekday, The Big Take brings you one story—one big, important story that impacts your life. Host Wes Kosova talks to Bloomberg journalists around the world, experts in their fields and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take. And we do it in plain English. The Big Take features the best of Bloomberg's in-depth, original reporting from around the globe. Listen each weekday starting on Oct. 27. Learn more about The Big Take www.bloomberg.com/bigtake and subscribe to our daily newsletter https://bloom.bg/3rBmR9g.See omnystudio.com/listener for privacy information.

19 Loka 20222min

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