The company at the heart of the AI bubble

Today we’re talking about Vice, the media company: Where it came from, what it did, and, ultimately, why it collapsed into a much smaller, sadder version of itself.  This is a lousy time for digital media, and it’s hard to make a profit from putting words on the internet right now. So when Verge senior reporter Liz Lopatto went to go report on what happened, she and I both assumed Vice had been done in by the brutal economics of digital advertising on the web. But the Vice story is more than that — in the word of one executive that talked to Liz, it was a “fucking clown show.”  Links: How Vice became 'a fucking clown show' — The Verge Vice is abandoning Vice.com and laying off hundreds — The Verge Vice, decayed digital colossus, files for bankruptcy — NYT Vice Is Basically Dead — New York Magazine Shane Smith and the Final Collapse of Vice News — The Hollywood Reporter At Vice, cutting-edge media and allegations of old-school sexual harassment — NYT HBO cancels ‘Vice News Tonight,’ severing relationship with Vice Media — CNN Shane Smith has a secret multimillion-dollar Vice deal — New York Magazine Credits:  Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Apr 202443min

Cloudflare is an infrastructure provider basically protecting more than 20% of the entire web from bad actors. When everything is going well, you don't even have to know it exists. It's one of the only defenses — sometimes the only defense — standing between websites and the people who want to take them down. Protecting free speech on the internet around the world, across war zones and hundreds of different kinds of government, is no easy feat. That puts the company, and CEO Matthew Prince, right at the heart of some of Decoder's biggest challenges and themes.  Links:  A Cloudflare outage broke large swathes of the internet | The Verge Why security company Cloudflare is protecting U.S. election sites for free | Fast Company The Daily Stormer just lost the most important company defending it | The Verge (2017) Cloudflare to revoke 8chan’s service, opening the fringe website up for DDoS attacks | The Verge (2019) Cloudflare blocks Kiwi Farms due to an ‘immediate threat to human life’ | The Verge Why Cloudflare Let an Extremist Stronghold Burn | Wired Cloudflare CEO Matthew Prince interview on Ukraine cybersecurity | Semafor 3 ways the ‘splinternet’ is damaging society | MIT Sloan Transcript: https://www.theverge.com/e/23885440 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

8 Apr 20241h 19min

Hello, and welcome to Decoder. This is David Pierce, editor-at-large at The Verge and co-host of The Vergecast, subbing in for Nilay, who’s out on vacation. Regular Decoder programming returns next week. In the meantime, we have an exciting episode for you today all about video game emulation, which, as it turns out, is a whole lot more complicated than it seems.  Gaming emulation made headlines recently because one of the most widely used programs for emulating the Nintendo Switch, a platform called Yuzu, was effectively sued out of existence. There’s a whole lot going on here, from the history of game emulation to the copyright precedents of emulators to how the threat of game piracy still looms large in the industry. To break down this topic, I brought Verge Senior Editor and resident emulation expert Sean Hollister on the show. Let’s get into it.  Links: Nintendo sues Switch emulator Yuzu — The Verge Nintendo Switch emulator Yuzu will fold and pay $2.4M to settle its lawsuit — The Verge Steve Jobs announcing a PlayStation emulator for the Mac — YouTube Fans freak out as Zelda: Tears of the Kingdom leaks two weeks early — Kotaku Tears of the Kingdom Was Pirated 1 Million Times, Nintendo Claims — Kotaku The solid legal theory behind Nintendo’s new emulator takedown effort — Ars Technica How Nintendo’s destruction of Yuzu is rocking the emulator world — The Verge How strong is Nintendo’s legal case against Switch-emulator Yuzu? — Ars Technica Credits:  Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Apr 202443min

Today, I’m talking to Intuit Mailchimp CEO Rania Succar, who took over as CEO in 2022 after a pretty rough patch in the company’s history. In 2021, Intuit acquired the company, and the very next year, co-founder Ben Chestnut stepped down after telling employees that he thought introducing themselves with pronouns in meetings did more harm than good. After that, Rania took over. This is a pretty huge culture change, especially as Mailchimp became more integrated with Intuit. It was also a big challenge for a new leader who came in from the outside. You’ll hear us talk about that transition a lot. Rania and I also got into the weeds of making decisions, which is very Decoder. And, of course, we had to talk about generative AI, which is a big part of the Mailchimp road map. This was a really fun conversation with some honestly scary ideas in it — and it’s all about email. Links: Mailchimp employees have complained about inequality for years — The Verge Mailchimp Employees Are Fuming Over $12 Billion Deal — Business Insider Did this email cost Mailchimp's billionaire CEO his job? — Platformer Mailchimp is shutting down TinyLetter — The Verge TinyLetter, in memoriam — The Verge Did Mailchimp censor J.D. Vance? — Mother Jones Hackers breached Mailchimp to phish cryptocurrency wallets — The Verge Boring, mundane businesses have an exhilarating, viral life on TikTok — The Verge Transcript: https://www.theverge.com/e/23879556 Credits:  Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Apr 20241h 6min

Hey everyone it’s Nilay – I’m on vacation this week, so the Decoder team is taking a short break. We’ll be back next week with both the interview and the new explainer episodes. To tide you over until Monday, we have a bonus episode from our friends at Vox Media and Eater’s Gastropod about an incredible patent battle in the world of pizza.  I’m serious: One of the biggest fights in the pizza industry took place in US court in the ‘90s — an intellectual property dispute about stuffed crust pizza between Pizza Hut and patent holder Anthony “The Big Cheese” Mongiello.  So much of what we talk about on Decoder comes down to IP lawsuits like copyright or patent disputes, and how judges decide those cases and where the law ends up can steer the course of history. And that’s true whether we’re talking about a line of code, the distribution method of an MP3, or, yes, even stuffed crust pizza.  Links:  Can You Patent a Pizza? — Gastropod Ivana and Donald Trump Pizza Hut Commercial — YouTube The Next Big Thing in Pizza? Try 'Stuffed Crust' — NYT Who Created the Stuffed Crust Pizza? It's Complicated. — Eater Method of making a pizza — Google Patents Credits:  Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Mars 202452min

Today, I’m talking to Jay Graber, the CEO of Bluesky Social, which is a decentralized competitor to Meta’s Threads, Mastodon, and X. Bluesky actually started inside of what was then known as Twitter — it was a project from then-CEO Jack Dorsey, who spent his days wandering the earth and saying things like Twitter should be a protocol and not a company. Bluesky was supposed to be that protocol, but Jack spun it out of Twitter in 2021, just before Elon Musk bought the company and renamed it X. Bluesky is now an independent company with a few dozen employees, and it finds itself in the middle of one of the most chaotic moments in the history of social media. There are a lot of companies and ideas competing for space on the post-Twitter internet, and Jay makes a convincing argument that decentralization — the idea that you should be able to take your username and following to different servers as you wish — is the future. Links:  Twitter is funding research into a decentralized version of its platform — The Verge Bluesky built a decentralized protocol for Twitter — and is working on an app that uses it — The Verge The fediverse, explained — The Verge Bluesky showed everyone’s ass — The Verge Can ActivityPub save the internet? — The Verge The ‘queer.af’ Mastodon instance disappeared because of the Taliban — The Verge Usage Of Elon Musk’s X Dropped 30% In The Last Year, Study Suggests — Forbes Bluesky snags former Twitter/X Trust & Safety exec cut by Musk — TechCrunch Bluesky and Mastodon users are having a fight that could shape the next generation of social media — TechCrunch Protocols, Not Platforms: A Technological Approach to Free Speech — Mike Masnick Transcript: https://www.theverge.com/e/23872913 Credits:  Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Mars 20241h 10min

Both the EU and US have spent the past decade looking at Big Tech and saying, "someone should do something!" In the US, lawmakers are still basically shouting that. But in the EU, regulators did something. The Digital Markets Act was proposed in 2020, signed into law in 2022, and went into effect this month. It's already having an effect on some of the biggest companies in tech, including Apple, Google, and Microsoft. In theory it's a landmark law that will change the way these companies compete, and how their products operate, for years to come. How did we get here, what does the law actually say, and will it work half as well in practice as it does on paper? Verge reporter Jon Porter comes on Decoder to help me break it down.  Links:  The EU's new competition rules are going live — here's how tech giants are responding | The Verge Apple hit with a nearly $2 billion fine following Spotify complaint | The Verge Experts fear the Digital Markets Act won’t address tech monopolies | The Verge Dirty tricks or small wins: developers are skeptical of Apple's App Store rules | The Verge Google Search, WhatsApp, and TikTok on list of 22 services targeted by EU’s tough new DMA | The Verge The EU’s Digital Services Act is now in effect: here’s what that means | The Verge Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Mars 202432min

We’ve got a fun one today — I talked to Figma CEO Dylan Field in front of a live audience at South by Southwest in Austin, Texas. And we got into it – we talked about everything from design, to software distribution, to the future of the web, and, of course, AI.  Figma is an fascinating company – the Figma design tool is used by designers at basically every company you can think of. And importantly, it runs on the web. It became such a big deal that Adobe tried to buy it out in 2022 for $20 billion dollars, a deal that only just recently fell through because of regulatory concerns.  So Dylan and I talked a lot about where Figma is now as an independent company, how Figma is structured, where it’s going, and how Dylan’s decisionmaking has changed since the last time he was on the show in 2022. Links: Why Figma is selling to Adobe for $20 billion, with CEO Dylan Field — Decoder Adobe abandons $20 billion acquisition of Figma — The Verge Adobe’s Dana Rao on AI, copyright, and the failed Figma deal — Decoder Figma’s CEO on life after the company’s failed sale to Adobe — Command Line Amazon restricts self-publishing due to AI concerns — The Guardian Wix’s new AI chatbot builds websites in seconds based on prompts — The Verge Apple is finally allowing full versions of Chrome and Firefox on the iPhone — The Verge What Is Solarpunk? A Guide to the Environmental Art Movement. — Built In Transcript: https://www.theverge.com/e/23866201 Credits:  Decoder is a production of The Verge and part of the Vox Media Podcast Network. Today’s episode was produced by Kate Cox and Nick Statt and was edited by Callie Wright. Our supervising producer is Liam James.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

18 Mars 202453min