Friday, April 21, 2023

Venezuela's lost billions

Here's today's Big Take.

April 21, 2023

Deteriorating PDVSA infrastructure on Lake Maracaibo. Photographer: Gaby Oraa/Bloomberg

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For many years, Venezuela's oil auctions were rigged. A new investigation by Bloomberg Businessweek reveals the country was pillaged of billions for the benefit of a mysterious middleman and a handful of his clients at some of the world's wealthiest companies — and no one has been held to account.

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TikTok's addictive algorithm can serve up a stream of anxiety and despair to vulnerable teens, including videos about eating disorders and suicide. Bloomberg senior investigative reporter Olivia Carville discusses her latest investigation into the app. 

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