1 00:00:04,400 --> 00:00:07,800 Speaker 1: Welcome to tech Stuff, a production from I Heart Radio. 2 00:00:12,039 --> 00:00:15,160 Speaker 1: Hey there, and welcome to tech Stuff. I'm your host, 3 00:00:15,320 --> 00:00:18,640 Speaker 1: Jonathan Strickland. I'm an executive producer with I Heart Radio 4 00:00:18,760 --> 00:00:21,360 Speaker 1: and I love all things tech. First of all, of 5 00:00:21,440 --> 00:00:25,840 Speaker 1: this episode sounds at all different. It's Tori's fault. I'm 6 00:00:25,880 --> 00:00:30,320 Speaker 1: in the studio today, but I'm using my normal microphone 7 00:00:30,360 --> 00:00:33,120 Speaker 1: for home recording. But it may mean that it sounds 8 00:00:33,120 --> 00:00:35,080 Speaker 1: a little different. Tarry, by the way, is also here. 9 00:00:35,680 --> 00:00:38,640 Speaker 1: She's um She's waving and blowing kisses to all of 10 00:00:38,680 --> 00:00:42,040 Speaker 1: you because she loves you so much. That might not 11 00:00:42,080 --> 00:00:45,440 Speaker 1: be true, but there are definitely some hand gestures. Anyway, 12 00:00:45,560 --> 00:00:49,720 Speaker 1: let's get to the tech news for Thursday, July twenty two, 13 00:00:50,159 --> 00:00:54,960 Speaker 1: two thousand, twenty one. Earlier today, you might have had 14 00:00:55,000 --> 00:00:59,960 Speaker 1: some problems using certain websites or web based services. For example, 15 00:01:00,440 --> 00:01:04,200 Speaker 1: Delta Airlines customers found they couldn't use online check in 16 00:01:04,400 --> 00:01:07,959 Speaker 1: for a while. Amazon customers were having trouble connecting to 17 00:01:08,040 --> 00:01:12,920 Speaker 1: that site. Gamers saw the PlayStation network and Steam were 18 00:01:13,000 --> 00:01:17,720 Speaker 1: down as well. So what the heck happened? Well, it 19 00:01:17,760 --> 00:01:22,000 Speaker 1: appears that fault lies with part of acamize system. Now 20 00:01:22,000 --> 00:01:24,600 Speaker 1: acam I is a c d N. Also, I could 21 00:01:24,600 --> 00:01:28,319 Speaker 1: be mispronouncing it. It's a K A m AI, but 22 00:01:28,400 --> 00:01:31,800 Speaker 1: it's a c d N that's a content delivery network. 23 00:01:32,200 --> 00:01:35,920 Speaker 1: So as that name implies a com I is in 24 00:01:35,959 --> 00:01:40,520 Speaker 1: the business of facilitating the movement of data across networks 25 00:01:40,600 --> 00:01:44,280 Speaker 1: to customers. C d n's address an issue that we 26 00:01:44,440 --> 00:01:47,039 Speaker 1: just can't otherwise get around, and that's the fact that 27 00:01:47,800 --> 00:01:51,880 Speaker 1: the further you are away from a computer like a server. 28 00:01:52,200 --> 00:01:55,280 Speaker 1: Let's say that you're trying to connect to a specific website. Well, 29 00:01:55,320 --> 00:01:59,240 Speaker 1: the further away you are from that that server, the 30 00:01:59,320 --> 00:02:01,960 Speaker 1: longer it's going to take for signals to pass between 31 00:02:02,000 --> 00:02:05,640 Speaker 1: you and that server. And if the service you're trying 32 00:02:05,640 --> 00:02:09,040 Speaker 1: to access is one that requires fast response, like maybe 33 00:02:09,040 --> 00:02:11,800 Speaker 1: it's a streaming video game or something, that could be 34 00:02:11,800 --> 00:02:16,079 Speaker 1: a problem. So if you want to access a specific 35 00:02:16,080 --> 00:02:19,200 Speaker 1: companies services and that company happens to be located in 36 00:02:19,720 --> 00:02:23,000 Speaker 1: Washington State, but you live in the state of Florida, 37 00:02:23,320 --> 00:02:25,600 Speaker 1: which is all the way on the opposite side of 38 00:02:25,880 --> 00:02:30,680 Speaker 1: you know, America, then you might have some delays. If 39 00:02:30,680 --> 00:02:33,200 Speaker 1: your computer and the company's servers had to communicate across 40 00:02:33,240 --> 00:02:36,640 Speaker 1: the entire country, you'd run into lag and that's where 41 00:02:36,680 --> 00:02:41,160 Speaker 1: c d ends come in. They are essentially huge server 42 00:02:41,360 --> 00:02:45,960 Speaker 1: farms located in specific geographic areas, and they function as 43 00:02:46,000 --> 00:02:48,960 Speaker 1: a faster way to deliver Internet content. They're kind of 44 00:02:49,000 --> 00:02:55,000 Speaker 1: like um mirrors of existing content. So instead of having 45 00:02:55,000 --> 00:02:59,000 Speaker 1: to transmit you know, that episode of Modern Love across 46 00:02:59,120 --> 00:03:03,800 Speaker 1: the entire United States, a c d N with the 47 00:03:03,960 --> 00:03:07,480 Speaker 1: Modern Love content can step in closer to home. C 48 00:03:07,680 --> 00:03:10,359 Speaker 1: d n s can also provide other services. They can 49 00:03:10,400 --> 00:03:14,240 Speaker 1: act as a layer of protection against malicious attacks from hackers, 50 00:03:14,639 --> 00:03:19,240 Speaker 1: liked DOS attacks, distributed denial of service attacks, and most 51 00:03:19,240 --> 00:03:22,760 Speaker 1: of the time everything's just working fine and people are 52 00:03:22,800 --> 00:03:27,040 Speaker 1: able to access services like Netflix or PlayStation games or 53 00:03:27,080 --> 00:03:31,640 Speaker 1: whatever without a problem. But sometimes stuff goes wrong, and 54 00:03:31,720 --> 00:03:36,400 Speaker 1: that's what happened today. Akama says that it was an 55 00:03:36,400 --> 00:03:41,040 Speaker 1: emerging issue with its Edge DNS service, but as I'm 56 00:03:41,080 --> 00:03:45,080 Speaker 1: recording this, it appears that the company's engineers have resolved 57 00:03:45,280 --> 00:03:48,320 Speaker 1: the problem. It's just a reminder that there's always a 58 00:03:48,360 --> 00:03:52,120 Speaker 1: point of failure in a given system, and sometimes that 59 00:03:52,280 --> 00:03:54,839 Speaker 1: point of failure can be one that affects a lot 60 00:03:54,880 --> 00:03:58,119 Speaker 1: of other systems. However, I have to take my hat 61 00:03:58,160 --> 00:04:01,320 Speaker 1: off to those engineers who fix the problem relatively quickly. 62 00:04:01,880 --> 00:04:05,280 Speaker 1: That's really impressive. You know, it really stinks when these 63 00:04:05,280 --> 00:04:09,480 Speaker 1: things happen, but it's it's incredible to see how quickly 64 00:04:09,520 --> 00:04:12,840 Speaker 1: people can respond and get things back on track, because 65 00:04:13,480 --> 00:04:17,120 Speaker 1: I mean, that's a big issue. Now. In an early episode, 66 00:04:17,640 --> 00:04:21,039 Speaker 1: I mentioned that President Biden here in the United States 67 00:04:21,160 --> 00:04:25,279 Speaker 1: issued an executive order that urged the Federal Trade Commission, 68 00:04:25,360 --> 00:04:28,040 Speaker 1: or FTC, to look into the issue of the right 69 00:04:28,120 --> 00:04:31,720 Speaker 1: to repair. Just in case you're not familiar with that term, 70 00:04:31,760 --> 00:04:34,720 Speaker 1: that refers to stripping away the layers that companies will 71 00:04:34,760 --> 00:04:39,200 Speaker 1: put in place that can discourage or outright prevent users 72 00:04:39,600 --> 00:04:43,320 Speaker 1: from making their own repairs or going to an independent 73 00:04:43,400 --> 00:04:47,800 Speaker 1: repair service, and instead they might put in layers that 74 00:04:47,920 --> 00:04:52,400 Speaker 1: force those users to go to a corporate approved service company. 75 00:04:52,800 --> 00:04:57,000 Speaker 1: And this can apply to everything from basic consumer electronics 76 00:04:57,320 --> 00:05:00,720 Speaker 1: all the way up to things like giant tractors for agriculture. 77 00:05:01,120 --> 00:05:03,000 Speaker 1: And this is a really big deal for people who 78 00:05:03,080 --> 00:05:06,080 Speaker 1: either don't want to be tied down to a specific 79 00:05:06,120 --> 00:05:10,000 Speaker 1: ecosystem or those who might not have easy access to 80 00:05:10,120 --> 00:05:15,000 Speaker 1: corporate approved services or both. The FTC now says that 81 00:05:15,080 --> 00:05:19,520 Speaker 1: the organization will step up law enforcement actions against companies 82 00:05:19,560 --> 00:05:23,880 Speaker 1: that are engaged in quote illegal repair restrictions end quote. 83 00:05:23,880 --> 00:05:27,920 Speaker 1: According to the site x d A. Now what constitutes 84 00:05:28,040 --> 00:05:31,560 Speaker 1: illegal repair restrictions, Well, if it's part of an anti 85 00:05:31,560 --> 00:05:35,800 Speaker 1: competitive strategy, it could violate the Sherman Act that deals 86 00:05:35,800 --> 00:05:39,680 Speaker 1: with the issues of monopolies and anti competitiveness. And there 87 00:05:39,680 --> 00:05:42,200 Speaker 1: are other laws that can play a role as well, 88 00:05:42,240 --> 00:05:44,600 Speaker 1: And I may have to do a full episode about 89 00:05:44,680 --> 00:05:48,160 Speaker 1: that at some point, because frankly, I am not that 90 00:05:48,279 --> 00:05:51,200 Speaker 1: well read up on these laws, because let's get real, 91 00:05:51,600 --> 00:05:56,880 Speaker 1: until really recently, no one was looking into enforcing those laws, 92 00:05:56,920 --> 00:05:59,560 Speaker 1: so they weren't really playing a part. But I think 93 00:05:59,600 --> 00:06:03,080 Speaker 1: that this is really encouraging. As the FDC points out, 94 00:06:03,600 --> 00:06:06,720 Speaker 1: the denial of the right to repair leads to a 95 00:06:06,760 --> 00:06:10,920 Speaker 1: lot of wastefulness, uh, And that can go from anything 96 00:06:11,000 --> 00:06:13,039 Speaker 1: from the amount of time it takes for you to 97 00:06:13,080 --> 00:06:19,320 Speaker 1: actually go to a company approved maintenance area to just 98 00:06:19,400 --> 00:06:21,560 Speaker 1: throwing something away and buying a new one because you 99 00:06:21,600 --> 00:06:25,039 Speaker 1: can't be bothered to take it to get repaired. None 100 00:06:25,040 --> 00:06:27,240 Speaker 1: of those are really good things, So I think this 101 00:06:27,320 --> 00:06:30,920 Speaker 1: might be a good move in general. In a different 102 00:06:31,040 --> 00:06:34,920 Speaker 1: earlier episode, I talked a bit about the backlash against 103 00:06:35,000 --> 00:06:39,680 Speaker 1: audacity that's the free to download audio recording and editing 104 00:06:39,720 --> 00:06:44,280 Speaker 1: software that folks like yours truly use when recording podcasts 105 00:06:44,320 --> 00:06:48,279 Speaker 1: from home. It's what I'm actually using right now instead 106 00:06:48,360 --> 00:06:52,240 Speaker 1: of using our studios recording system because Tari won't let 107 00:06:52,240 --> 00:06:58,040 Speaker 1: me do that anyway. Uh oh, look she's blowing more kisses. 108 00:06:58,480 --> 00:07:01,720 Speaker 1: She's just so loving to a all right, anyway. A 109 00:07:01,720 --> 00:07:04,600 Speaker 1: while back, there was this company called Muse or the 110 00:07:04,680 --> 00:07:08,760 Speaker 1: Muse Group now that acquired Audacity and then released a 111 00:07:08,880 --> 00:07:12,200 Speaker 1: version with some new privacy policies that raised a lot 112 00:07:12,240 --> 00:07:18,440 Speaker 1: of eyebrows because those policies included data collection, uh policies 113 00:07:18,720 --> 00:07:23,680 Speaker 1: and meaning data collected from users, and we're talking about 114 00:07:23,720 --> 00:07:26,880 Speaker 1: a lot of data that could potentially be used with 115 00:07:26,960 --> 00:07:30,600 Speaker 1: conjunction with with law enforcement. So it raised a lot 116 00:07:30,600 --> 00:07:34,080 Speaker 1: of big questions about privacy and legality, and it led 117 00:07:34,120 --> 00:07:38,200 Speaker 1: to a backlash in which some Audacity users were proposing 118 00:07:38,800 --> 00:07:41,840 Speaker 1: that they develop a forked version of Audacity, to go 119 00:07:41,880 --> 00:07:45,080 Speaker 1: back to an earlier version of Audacity and develop for 120 00:07:45,160 --> 00:07:48,720 Speaker 1: that as an independent program in order to avoid the 121 00:07:48,760 --> 00:07:51,800 Speaker 1: issues that they were seeing based on this updated privacy 122 00:07:51,840 --> 00:07:55,400 Speaker 1: policy from the quote unquote real Audacity. That is not 123 00:07:55,520 --> 00:07:58,240 Speaker 1: a great thing for the new owners to hear. I mean, 124 00:07:58,280 --> 00:08:00,280 Speaker 1: if customers are saying they're gonna go and make their 125 00:08:00,360 --> 00:08:03,800 Speaker 1: own version of your product just to avoid your policies, 126 00:08:04,600 --> 00:08:09,880 Speaker 1: that's tough. Now Audacity has a new new privacy policy 127 00:08:09,960 --> 00:08:12,840 Speaker 1: and it removes the sections that were causing the concern. 128 00:08:13,160 --> 00:08:16,280 Speaker 1: So in a message to users, Audacity said the following 129 00:08:16,400 --> 00:08:21,400 Speaker 1: quote phrasing has been adjusted to remove ambiguity or aid 130 00:08:21,440 --> 00:08:25,360 Speaker 1: in transparency, in particular that we do not collect any 131 00:08:25,400 --> 00:08:29,240 Speaker 1: additional information for law enforcement or any other purpose. We 132 00:08:29,320 --> 00:08:32,920 Speaker 1: have explained the purpose of the two networking features, error 133 00:08:32,920 --> 00:08:36,640 Speaker 1: reporting and update checking. We have removed the provision that 134 00:08:36,679 --> 00:08:40,520 Speaker 1: discourages children under thirteen years old from using Audacity. We 135 00:08:40,600 --> 00:08:43,480 Speaker 1: have taken steps to ensure that we never store a 136 00:08:43,559 --> 00:08:48,520 Speaker 1: full IP address we now truncated before hashing or discarded entirely, 137 00:08:48,960 --> 00:08:51,920 Speaker 1: and have reflected this change in the privacy policy document. 138 00:08:52,440 --> 00:08:55,280 Speaker 1: We have made some changes to how we process error 139 00:08:55,280 --> 00:09:00,840 Speaker 1: reports to ensure that we never store any potentially identifiable information. Further, 140 00:09:01,240 --> 00:09:04,600 Speaker 1: they explained that any version of Audacity from three point 141 00:09:04,800 --> 00:09:09,760 Speaker 1: zero point two or earlier has no networking capability at all, 142 00:09:10,040 --> 00:09:12,320 Speaker 1: meaning there's no way for the company to collect any 143 00:09:12,400 --> 00:09:15,920 Speaker 1: data from people who are using those versions of audacity. 144 00:09:16,720 --> 00:09:19,080 Speaker 1: Whether all this is going to be enough to calm 145 00:09:19,120 --> 00:09:22,320 Speaker 1: the critics remains to be seen, but it feels like 146 00:09:22,440 --> 00:09:25,760 Speaker 1: it's at least the right thing to do. We've got 147 00:09:25,800 --> 00:09:28,080 Speaker 1: some more news to report on, but before I get 148 00:09:28,080 --> 00:09:39,680 Speaker 1: to that, let's take a quick break. We're back. The 149 00:09:39,800 --> 00:09:44,160 Speaker 1: state of California has filed a lawsuit against the video 150 00:09:44,240 --> 00:09:48,800 Speaker 1: game developer and publisher Activision Blizzard, alleging that the company 151 00:09:48,840 --> 00:09:51,920 Speaker 1: has a culture of harassment that makes the company a 152 00:09:52,000 --> 00:09:56,240 Speaker 1: hostile work environment, particularly for women. In fact, the lawsuit 153 00:09:56,280 --> 00:10:00,440 Speaker 1: alleges that there is a quote pervasive frat boy end 154 00:10:00,559 --> 00:10:05,920 Speaker 1: quote culture there, and y'all, that phrasing definitely conjures up 155 00:10:05,960 --> 00:10:09,520 Speaker 1: some negative images in my mind. But then you have 156 00:10:09,559 --> 00:10:12,280 Speaker 1: to understand I went to college at the University of 157 00:10:12,280 --> 00:10:15,880 Speaker 1: Georgia in the mid to late nineties, and the frats 158 00:10:15,960 --> 00:10:21,680 Speaker 1: there were literally the worst. Like they made the news, 159 00:10:21,720 --> 00:10:25,400 Speaker 1: that's how bad they were. Anyway, The allegations include lots 160 00:10:25,440 --> 00:10:30,240 Speaker 1: of really despicable charges, everything from women being groped and 161 00:10:30,360 --> 00:10:34,480 Speaker 1: otherwise assaulted, to women receiving far less pay for doing 162 00:10:34,520 --> 00:10:38,480 Speaker 1: the same jobs as men, to one case where apparently 163 00:10:38,840 --> 00:10:42,960 Speaker 1: an executive reportedly delegated his work to a female direct 164 00:10:43,000 --> 00:10:48,199 Speaker 1: report so that he could play call of duty. Gross. 165 00:10:48,760 --> 00:10:52,840 Speaker 1: Now I should add that the company says these charges 166 00:10:52,880 --> 00:10:57,120 Speaker 1: are actually relating to the past, and that the Activision 167 00:10:57,120 --> 00:11:00,319 Speaker 1: Blizzard company of today does not reflect this image. In 168 00:11:00,360 --> 00:11:02,480 Speaker 1: other words, they're saying, yeah, things used to be bad, 169 00:11:02,880 --> 00:11:05,400 Speaker 1: but we have taken great strides to fix them, and 170 00:11:05,440 --> 00:11:08,760 Speaker 1: we take this seriously. In fact, the company representatives have 171 00:11:08,800 --> 00:11:13,280 Speaker 1: said that every charge is taken seriously and the company 172 00:11:13,320 --> 00:11:17,200 Speaker 1: has made substantive moves to really change corporate culture. Now, 173 00:11:17,240 --> 00:11:20,679 Speaker 1: I am sure that a more complete story will come 174 00:11:20,679 --> 00:11:24,560 Speaker 1: out in court, assuming that this actually goes that far, 175 00:11:25,000 --> 00:11:28,800 Speaker 1: and maybe we will hear whether or not the representatives 176 00:11:28,800 --> 00:11:33,640 Speaker 1: are accurate right whether or not this this toxic culture 177 00:11:33,800 --> 00:11:38,560 Speaker 1: still exists. It appears to at least have existed. But 178 00:11:39,080 --> 00:11:42,320 Speaker 1: the question is is that how things are now. I 179 00:11:42,360 --> 00:11:45,280 Speaker 1: honestly don't know what to believe. I don't know anyone 180 00:11:45,480 --> 00:11:48,960 Speaker 1: at that company, so I have no idea if it 181 00:11:49,000 --> 00:11:52,760 Speaker 1: has changed significantly or if it's still a hostile work environment. 182 00:11:53,000 --> 00:11:55,559 Speaker 1: But I will keep an eye on this story as 183 00:11:55,559 --> 00:11:59,480 Speaker 1: it develops. One technology that tends to come up and 184 00:11:59,520 --> 00:12:03,360 Speaker 1: conversation about the future is weather control. I mean, I 185 00:12:03,400 --> 00:12:06,680 Speaker 1: know that Cobra Commander was really obsessed with it. But 186 00:12:06,840 --> 00:12:09,240 Speaker 1: when we get to the realities of tech and the weather, 187 00:12:09,600 --> 00:12:12,880 Speaker 1: our understanding of how we can affect whether it gets 188 00:12:12,880 --> 00:12:16,880 Speaker 1: a little bit wibbly wobbly. For years, people have attempted 189 00:12:16,920 --> 00:12:20,640 Speaker 1: to seed clouds to induce rain over drought, and the 190 00:12:20,720 --> 00:12:25,280 Speaker 1: question then pops up does that actually work? Which is 191 00:12:25,280 --> 00:12:27,520 Speaker 1: actually kind of hard to say because it's difficult to 192 00:12:27,600 --> 00:12:31,240 Speaker 1: test these things because it either rains or it doesn't 193 00:12:31,400 --> 00:12:34,720 Speaker 1: rain after you seed the clouds. And if it does rain, 194 00:12:35,559 --> 00:12:37,680 Speaker 1: then can you be sure that it would not have 195 00:12:37,840 --> 00:12:41,040 Speaker 1: rained if you hadn't seeded the clouds? Like was the 196 00:12:41,040 --> 00:12:43,480 Speaker 1: cloud seeding the thing that actually made it rain or 197 00:12:43,520 --> 00:12:46,760 Speaker 1: was it going to rain anyway? Now, long term studies 198 00:12:47,080 --> 00:12:50,960 Speaker 1: suggest that cloud seating is effective, like there there have 199 00:12:51,000 --> 00:12:54,800 Speaker 1: been studies of snow packs over the course of several 200 00:12:54,920 --> 00:12:59,520 Speaker 1: years that suggests that there is greater precipitation in years 201 00:12:59,559 --> 00:13:03,280 Speaker 1: when cloud seeding was actually performed. But it's just, you know, 202 00:13:03,320 --> 00:13:05,480 Speaker 1: it's one of those things it's very hard to see. 203 00:13:05,880 --> 00:13:09,600 Speaker 1: In the short term. However, the United Arab Emirates is 204 00:13:09,720 --> 00:13:14,360 Speaker 1: using a slightly different approach to the typical cloud seeding approach. 205 00:13:14,679 --> 00:13:17,440 Speaker 1: The U A E is going to zap clouds with 206 00:13:17,480 --> 00:13:20,800 Speaker 1: electricity to see if that makes it rain. So they're 207 00:13:20,840 --> 00:13:23,800 Speaker 1: gonna be using drones to do this, and the idea 208 00:13:24,160 --> 00:13:27,360 Speaker 1: is to actually create an electric charge on droplets of 209 00:13:27,360 --> 00:13:31,160 Speaker 1: water that encourages the droplets to bind together. And as 210 00:13:31,200 --> 00:13:35,160 Speaker 1: these droplets bind together, they're gonna they're gonna grow larger, 211 00:13:35,200 --> 00:13:39,439 Speaker 1: They're gonna grow heavier and potentially heavy enough to fall 212 00:13:39,520 --> 00:13:43,320 Speaker 1: his rain. Assuming this all works, which actually sounds pretty 213 00:13:43,360 --> 00:13:46,319 Speaker 1: plausible to me at least, so I'll be very eager 214 00:13:46,360 --> 00:13:49,000 Speaker 1: to see how this turns out. Though I should say 215 00:13:49,080 --> 00:13:52,760 Speaker 1: I am a bit disappointed because I originally imagined that 216 00:13:52,840 --> 00:13:55,960 Speaker 1: these drones were gonna fly up there and threatened clouds 217 00:13:55,960 --> 00:13:58,560 Speaker 1: with electric shocks unless they would go ahead and rain 218 00:13:59,320 --> 00:14:02,040 Speaker 1: and to ns out, that's not how that works, so 219 00:14:02,960 --> 00:14:07,439 Speaker 1: that's a bummer. Finally, if you've listened to tech stuff 220 00:14:07,440 --> 00:14:10,360 Speaker 1: for a while, you have certainly heard me talk about 221 00:14:10,360 --> 00:14:14,440 Speaker 1: an electric vehicle company called Faraday Future, and not for 222 00:14:14,720 --> 00:14:19,200 Speaker 1: necessarily positive reasons. I first learned about this company when 223 00:14:19,240 --> 00:14:22,320 Speaker 1: I saw a concept model of an electric sports car 224 00:14:22,880 --> 00:14:26,440 Speaker 1: at C E s way back in t and that 225 00:14:26,520 --> 00:14:30,120 Speaker 1: concept looked super cool. It was one of those like, 226 00:14:30,360 --> 00:14:33,440 Speaker 1: you know, gasp moments when you're walking the floor. It 227 00:14:33,600 --> 00:14:36,960 Speaker 1: was extremely popular. Lots of people taking video and pictures 228 00:14:36,960 --> 00:14:40,920 Speaker 1: of that thing. The company was this upstart ev producer 229 00:14:41,160 --> 00:14:45,280 Speaker 1: that was taking shape in California and Nevada, and then 230 00:14:45,440 --> 00:14:49,360 Speaker 1: news about weird stuff relating to this company began to 231 00:14:49,360 --> 00:14:54,080 Speaker 1: pop up. The company founder had a different company back 232 00:14:54,160 --> 00:14:58,160 Speaker 1: in China, that's where he's from, and that company was 233 00:14:58,200 --> 00:15:01,640 Speaker 1: apparently in die or straits. It was starting to fail, 234 00:15:02,120 --> 00:15:06,160 Speaker 1: and the Chinese government was extremely eager to have this 235 00:15:06,280 --> 00:15:09,960 Speaker 1: founder come back to China and settle up with his creditors. 236 00:15:10,240 --> 00:15:14,120 Speaker 1: The founder was extremely eager to not do that thing, 237 00:15:14,720 --> 00:15:18,560 Speaker 1: because you know, answering for issues in China can sometimes 238 00:15:18,600 --> 00:15:23,200 Speaker 1: be a pretty serious thing. So he also allegedly spent 239 00:15:23,400 --> 00:15:25,840 Speaker 1: a lot of the company money as if it was 240 00:15:25,880 --> 00:15:28,320 Speaker 1: his own personal bank account. There were a lot of 241 00:15:29,760 --> 00:15:35,760 Speaker 1: at least perceived possible misuses of corporate funds. Things were 242 00:15:35,800 --> 00:15:38,040 Speaker 1: not really looking on the up and up, in other words, 243 00:15:38,840 --> 00:15:41,240 Speaker 1: so there were a lot of questions about whether Faraday 244 00:15:41,440 --> 00:15:44,880 Speaker 1: would ever be able to produce a consumer vehicle. Because 245 00:15:44,920 --> 00:15:48,240 Speaker 1: spoiler alert. So far it has not, and it all 246 00:15:48,280 --> 00:15:51,920 Speaker 1: got very dramatic. And now it's time to add another 247 00:15:51,960 --> 00:15:55,760 Speaker 1: bit of drama to this story because now Faraday Future 248 00:15:56,200 --> 00:16:00,520 Speaker 1: is a publicly traded company. The same organization SHAN that 249 00:16:00,600 --> 00:16:05,840 Speaker 1: was teetering on the brink of implosion is now publicly traded. 250 00:16:05,920 --> 00:16:08,560 Speaker 1: So you would be well justified in asking how the 251 00:16:08,600 --> 00:16:12,680 Speaker 1: heck could this happen? How could it go from almost 252 00:16:12,840 --> 00:16:17,160 Speaker 1: falling apart to becoming a publicly traded company. H And 253 00:16:17,240 --> 00:16:20,200 Speaker 1: by the way, that move of becoming publicly traded added 254 00:16:20,240 --> 00:16:24,960 Speaker 1: like a billion dollars to the company's coffers, so that 255 00:16:25,120 --> 00:16:30,200 Speaker 1: is incredibly significant. Well, it's because of a little thing 256 00:16:30,520 --> 00:16:34,440 Speaker 1: called a SPACK or sp A C. And by a 257 00:16:34,480 --> 00:16:38,280 Speaker 1: little thing, I mean a big thing. So a SPACK 258 00:16:38,960 --> 00:16:43,000 Speaker 1: is a special purpose acquisition company. And this is kind 259 00:16:43,040 --> 00:16:45,600 Speaker 1: of a work around for companies that want to go 260 00:16:45,720 --> 00:16:49,440 Speaker 1: public but would otherwise have trouble with an initial public 261 00:16:49,560 --> 00:16:53,160 Speaker 1: offering or i p O. And we've seen lots of 262 00:16:53,200 --> 00:16:57,440 Speaker 1: stories about companies that had to back off and rethink 263 00:16:57,480 --> 00:16:59,480 Speaker 1: their approach to an i p O, you know, like 264 00:16:59,640 --> 00:17:04,399 Speaker 1: Uber companies that at one point we're really bullish about 265 00:17:04,480 --> 00:17:06,520 Speaker 1: having an I P O. And then something happens and 266 00:17:06,560 --> 00:17:09,719 Speaker 1: it kind of throws a monkey wrench into the works. Well, 267 00:17:10,160 --> 00:17:14,800 Speaker 1: here's how a spack works. You get some investors and 268 00:17:14,840 --> 00:17:19,040 Speaker 1: they create a company that does nothing. It's it's like 269 00:17:19,040 --> 00:17:21,880 Speaker 1: like the old joke on Seinfeld. I mean, it literally 270 00:17:22,400 --> 00:17:27,600 Speaker 1: is a company that does nothing except exist to pool resources. 271 00:17:27,640 --> 00:17:31,360 Speaker 1: So the company that does nothing, you know, goes public 272 00:17:31,560 --> 00:17:37,080 Speaker 1: and then this newly publicly traded company uses the assets 273 00:17:37,160 --> 00:17:40,600 Speaker 1: that it has that otherwise are doing nothing to acquire 274 00:17:40,880 --> 00:17:43,560 Speaker 1: the target company, you know, the one that would not 275 00:17:43,600 --> 00:17:45,760 Speaker 1: be able to hold an I p O on its own. 276 00:17:46,000 --> 00:17:48,800 Speaker 1: So Faraday Future never would have gotten an i p 277 00:17:48,960 --> 00:17:51,359 Speaker 1: O off the ground, not not with the way the 278 00:17:51,400 --> 00:17:54,680 Speaker 1: company has been mismanaged and miss run for the last 279 00:17:54,720 --> 00:17:59,760 Speaker 1: several years. But by creating essentially a shell company that 280 00:18:00,320 --> 00:18:03,040 Speaker 1: then can be publicly traded and use that company to 281 00:18:03,280 --> 00:18:08,040 Speaker 1: purchase Faraday futures, that suddenly means that Faraday Future, by extension, 282 00:18:08,680 --> 00:18:12,439 Speaker 1: is publicly traded. Kind of seems like a like almost 283 00:18:12,480 --> 00:18:14,640 Speaker 1: like a bait and switch, but it's totally illegal. It's 284 00:18:14,680 --> 00:18:18,639 Speaker 1: something that can actually happen without any you know, legal 285 00:18:18,680 --> 00:18:24,840 Speaker 1: implications whatsoever. Now along the way through this process, as 286 00:18:25,400 --> 00:18:28,720 Speaker 1: this spack acquired Faraday Future and made it a publicly 287 00:18:28,760 --> 00:18:34,040 Speaker 1: traded company. The founder of Faraday Future effectively surrendered control. 288 00:18:34,200 --> 00:18:37,200 Speaker 1: So today things are very different from how they were 289 00:18:37,200 --> 00:18:40,080 Speaker 1: in years past. But does this mean that Faraday Future 290 00:18:40,119 --> 00:18:43,880 Speaker 1: is on track to actually produce electric vehicles after years 291 00:18:43,880 --> 00:18:48,680 Speaker 1: of languishing in a melodramatic mess of financial shenanigans. Well, 292 00:18:48,720 --> 00:18:51,239 Speaker 1: the plan is to get things up and running so 293 00:18:51,280 --> 00:18:56,000 Speaker 1: that the company can release an suv electric vehicle sometime 294 00:18:56,080 --> 00:18:59,960 Speaker 1: by the end of next year. We'll see if that happened. 295 00:19:00,119 --> 00:19:03,480 Speaker 1: I think some skepticism is warranted, but I would actually 296 00:19:03,520 --> 00:19:06,560 Speaker 1: love to see the company deliver upon that initial promise 297 00:19:06,640 --> 00:19:09,960 Speaker 1: I first encountered back in two thousand sixteen at c 298 00:19:10,119 --> 00:19:12,639 Speaker 1: E S. I don't want to see a company fail. 299 00:19:13,200 --> 00:19:17,399 Speaker 1: It's just, you know, my skepticism is up only because really, 300 00:19:17,440 --> 00:19:19,600 Speaker 1: if you look into the history of Faraday Future, and 301 00:19:19,640 --> 00:19:22,600 Speaker 1: I've got I've got an episode about it, a couple 302 00:19:22,680 --> 00:19:27,000 Speaker 1: of them, you start to see where there's enough history 303 00:19:27,320 --> 00:19:32,000 Speaker 1: of shenanigans going on there to make anyone feel a 304 00:19:32,119 --> 00:19:36,239 Speaker 1: little cautious. But that is it for this episode of 305 00:19:36,280 --> 00:19:38,960 Speaker 1: tech Stuff. That is the news for Thursday, July twenty 306 00:19:39,080 --> 00:19:42,359 Speaker 1: two one. I hope you are all well. If you 307 00:19:42,440 --> 00:19:44,880 Speaker 1: have any suggestions for topics I should cover in future 308 00:19:44,920 --> 00:19:47,520 Speaker 1: episodes of tech Stuff, please reach out to me. The 309 00:19:47,560 --> 00:19:50,320 Speaker 1: best way to do that is over on Twitter. The 310 00:19:50,359 --> 00:19:53,000 Speaker 1: handle we use for the show is tech Stuff hs 311 00:19:53,240 --> 00:20:00,080 Speaker 1: W and I'll talk to you again really soon. M 312 00:20:02,560 --> 00:20:05,600 Speaker 1: Text Stuff is an I Heart Radio production. For more 313 00:20:05,680 --> 00:20:09,040 Speaker 1: podcasts from I Heart Radio, visit the I Heart Radio app, 314 00:20:09,200 --> 00:20:12,359 Speaker 1: Apple Podcasts, or wherever you listen to your favorite shows,