{"podcast":{"title":"The Invisible Hand","slug":"the-invisible-hand-7719857","podcast_index_feed_id":7719857,"rss_url":"https://feeds.megaphone.fm/PODAGEN6867737009","website_url":null,"image_url":"https://megaphone.imgix.net/podcasts/ecd55da6-0690-11f1-8a35-87d682d10069/image/bd2556a194f47efd83996cc639d08bec.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Emma Reid","episode_count":232,"summary":"Economics isn't boring when Emma Reid explains it. This former Wall Street finance analyst quit her corporate job after watching too many people get scammed by get-rich-quick schemes, including her own father who almost lost his retirement to a pyramid scheme. Now she breaks down everything from inflation to interest rates using stories from her small-town grocery store and her neighbor's questionable crypto investments. Every day, Emma takes one economic concept and makes it make sense. Monday might be why gas prices actually work the way they do. Tuesday could be the real reason your mortgage rate just jumped. She's not trying to make you an economist, just someone who can spot financial BS from a mile away and make smarter money decisions. You'll get the kind of economic education they should have taught you in high school but didn't. No textbook jargon, no boring theory, just practical knowledge you can use when your bank tries to sell you a new credit card or your brother-in-law pitches his latest investment idea. Follow now for daily episodes that actually explain how money and markets really work. New episodes every day—follow now!","last_synced_at":"2026-07-31T16:18:06.182989+00:00","page_url":"https://stenobird.com/podcast/the-invisible-hand-7719857"},"episode":{"title":"The $2.3 Billion Ethics Scandal That Changed Everything at Facebook","slug":"the-2-3-billion-ethics-scandal-that-changed-everything-at-facebook","published_at":"2026-07-30T09:18:00+00:00","page_url":"https://stenobird.com/podcast/the-invisible-hand-7719857/the-2-3-billion-ethics-scandal-that-changed-everything-at-facebook","show_page_url":"https://stenobird.com/podcast/the-invisible-hand-7719857","url":"https://traffic.megaphone.fm/PODAGEN4259334560.mp3?updated=1776261620","audio_url":"https://traffic.megaphone.fm/PODAGEN4259334560.mp3?updated=1776261620","summary":"Facebook just paid $2.3 billion in fines for ethics violations, and most people missed the real story. Emma Reid breaks down how this scandal revealed the hidden economics of \"ethical business\" and why companies actually budget for breaking the rules. 🎯 What You'll Learn: • The shocking math behind Facebook's decision to pay fines rather than change practices • How \"ethics budgets\" work at major corporations and why yours might use them too • The real cost of the Cambridge Analytica scandal (spoiler: it wasn't just the fine) • Why some companies find it cheaper to apologize than ask permission 👤 Perfect for: lifelong learners and anyone who wants to understand how corporate ethics really work in practice, not just on paper. 📍 Chapters: [00:00] Emma Reid reveals the $2.3 billion ethics math [02:15] How Facebook calculated the cost of breaking rules [04:30] The Cambridge Analytica scandal's hidden economics [06:45] Why your bank might have an \"oops fund\" too [08:30] The real reason companies create ethics budgets [10:15] How to spot when a company is gaming the system When your local business talks about \"company values,\" remember this episode. Emma shows you exactly how to tell when ethics are real versus when they're just another line item in the budget. You'll never look at corporate apologies the same way. The psychology here is fascinating. Facebook's executives weren't evil masterminds, they were making rational economic decisions based on profit margins and risk assessment. That's either brilliant or terrifying, depending on how you look at it. 🔔 Never miss an episode: Follow The Invisible Hand on your podcast app and turn on notifications. New episodes drop daily, your next favorite insight is one tap away. 🔍 Topics: Facebook ethics scandal, corporate compliance…","meta_description":"Facebook just paid $2.3 billion in fines for ethics violations, and most people missed the real story. Emma Reid breaks down how this scandal revealed the…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1346,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-invisible-hand-7719857/episodes/the-2-3-billion-ethics-scandal-that-changed-everything-at-facebook/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-invisible-hand-7719857/the-2-3-billion-ethics-scandal-that-changed-everything-at-facebook.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}