Fake tech firms: Adding technology veneer to mundane businesses

In this podcast episode, the speaker discusses the rise of fake technology companies, which are startups that present ordinary businesses as revolutionary through the addition of a technological aspect. The speaker highlights the entertainment value that these businesses bring to financial news and emphasizes the importance of having a charismatic and irreverent CEO to attract investment. Examples mentioned include Lyft Shuttles, Uber's pre-arranged stops service, Bodega, Juicero, and Peloton. The podcast also delves into the notorious case of WeWork and its co-founder Adam Newman, who attempted to buy back the bankrupt company with financing from his new business, Flow.