Decoder with Nilay Patel

Today, I’m talking with Paul Bascobert, who is the president of Reuters, as part of a special Thursday series we’re running this month to explore how leaders at some world’s biggest companies make decisions in such a rapidly changing environment. Reuters is a great company for us to kick off with, because it’s been around since 1851, when the hot technology enabling mass media was the telegraph. 

Here, today, in 2025, the tech driving media has clearly changed more than a little bit. Distribution in a world full of iPhones and generative AI is a really different proposition than distributing media 50 years before the invention of the radio. So there’s a lot here, and you’ll hear Paul and I get deep into basically every Decoder theme there is.

Links: 

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey everyone, it’s Nilay. We’re off today, but we’ll be back Thursday, so stay tuned. In the meantime, we have an excellent episode from Business Insider Chief Correspondent Peter Kafka, who hosts the media podcast Channels.

In this episode, Peter sat down with one of the biggest names in journalism: New York Times publisher AG Sulzberger. It’s a fascinating conversation that covers some of the most pressing issues facing journalism and the news business today. We think you’ll like it. 

Links:

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

A lot has happened in the first 100 days of Trump's second term. It’s nearly too much to keep up with, really, but we're going to try. Verge policy editor Adi Robertson joins Decoder this week to talk through six of the biggest stories and themes we're covering, from tariffs to TikTok to DOGE.

Links: 

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

A few days ago, I hosted a panel with FTC commissioners Rebecca Slaughter and Alvaro Bedoya at the IAPP Global Privacy Summit in Washington, DC. We recorded the discussion, and we’re bringing it to you today.

Normal Decoder stuff, but these are anything but normal times. Becca and Alvaro were FTC commissioners until very recently, when President Donald Trump fired them — but he doesn't have that legal authority. They’re suing to get their jobs back, and they’re prepared to go all the way to SCOTUS if they have to.

Links: 

Transcript: ⁠https://www.theverge.com/e/657115⁠

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today we’re talking about the very real possibility that Google might be broken up by the United States government. And to do that, I’m talking to Jonathan Kanter, the former assistant attorney general for antitrust under the Biden administration. Kanter left the DOJ after Trump was elected, but he was the architect of the major antitrust cases the Trump administration continues to pursue against Google. That means he’s much more free to share his thoughts on what it took to build and win both of these cases and what should happen next.

Links: 

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

As CEO of Verizon's consumer division, Sowmyanarayan Sampath oversees the biggest part of the company, which does business with roughly a third of the entire country. He's a longtime Verge reader, so we  talked very directly about whether the huge 5G investment had actually paid off, and whether – whether the “race” we were supposedly in with China was actually worth it, and what kinds of new apps and services actually come to light.

And while Verizon fought tooth and nail against regulations like net neutrality, the current Trump administration isn’t nearly as hands-off when it comes to things like  holding up deals because of DEI policies — something that’s happening to Verizon right now. So I had to ask Sampath if he was going to push back on that kind of government overreach as hard as Verizon has in the past.

Links: 

Transcript: https://www.theverge.com/e/652470

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

One of the ways I’ve been trying to sort out the chaos of tariffs and trade wars is by talking to the people behind the software that makes the global trade system go. So today I wanted to bring back one of my favorite Decoder guests: Flexport CEO Ryan Petersen, whose software manages the logistics of moving things around the world, from factory to doorstep. 

We didn’t get too much into the numbers — those tariff percentages keep changing — so instead Ryan and I really focused on how this system works, how it’s supposed to work, and how it’s working now, if it’s working at all. 

Links: 

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, I’m talking with Vlad Tenev, the co-founder and CEO of Robinhood, which started as a way to open up stock trading. But the company’s ambitions have grown over time – and they’re getting bigger. Just a day before Vlad and I talked, Robinhood announced it would soon be offering bank accounts and wealth management services, which would really allow Robinhood to be involved with your money at every possible level. 

So I was very interested to sit down with Vlad and really hash out where Robinhood is going, and why he’s so adamant that certain big ideas, like prediction markets based around everything from sports games to presidential elections, are going to play a pivotal role in the future of finance.

Links: 

Verge Transcript

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Rohit Chopra was the Consumer Financial Protection Bureau head until the end of January, when President Donald Trump fired him and Elon Musk’s DOGE began trying to dismantle the agency. The CFPB has been pretty popular since it was founded in the wake of the 2008 financial crisis to protect consumers, so shutting it down has kicked off a bunch of controversies — not least of which was whether Trump and Musk even had the power to do it.

This all led me to ask several times who made the decision to fire him, who is currently responsible for the various policies of our government, and whether any of those things add up to a clear plan. Some of the most powerful executives in the world answer questions like this on Decoder all the time. But Rohit just didn’t know — and that should probably be as worrying as anything.

Links: 

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today, I’m talking with Daniel Dines, the co-founder and once again the CEO of UiPath, a software company that specializes in something called robotic process automation. We’ve been featuring a lot of what I like to call full-circle Decoder guests on the show lately, and Daniel is a perfect example.

He was first on the show in 2022, and UiPath has had a lot of changes since then, including a short stint with a different CEO. Daniel is now back at the helm, and the timing is important: the company needs to shift, fast, to a world of agentic AI, which is radically changing the RPA business. We got into all that and more in this episode. It’s a fun one. 

Links: 

Transcript: https://www.theverge.com/e/643562

Credits:

Decoder is a production of The Verge and part of the Vox Media Podcast Network.

Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. 

The Decoder music is by Breakmaster Cylinder.

Learn more about your ad choices. Visit podcastchoices.com/adchoices