"What's fascinating about this season of "Industry" is how well it speaks to this moment. Tender starts as a payment processing platform for adult content. The show references the very real (and still controversial) Online Safety Bill that the UK introduced, which has led to age verification and other enhanced rules for consuming adult content online. Because of its affiliation with adult content, Tender finds itself at odds with the new government's regulation and must pivot or die, as the saying goes."
"Harper Stern, who's leading her newly launched investment firm and looking for a company to short - essentially, betting that its stock will crash. After a journalist tips her off that something's wrong with Tender, she sends her associates, Sweetpea and Kwabena, to Ghana to investigate. What they discover is damning. "Fake users drive fake revenue drives fake cash," Sweetpea tells Harper. The entire company appears to be built on fabricated numbers. "The thing is nothing.""
Harper Stern leads a newly launched investment firm searching for a company to short and receives a tip about Tender. Associates Sweetpea and Kwabena travel to Ghana and uncover evidence suggesting fabricated users, revenue, and cash. Tender began as a payment processor for adult content and faces regulatory pressure from the UK's Online Safety Bill, forcing a strategic pivot. CFO-turned-leader Whitney pursues a banking transformation and political lobbying while positioning CEO Henry as the public face. Internal conflicts arise as investors, executives, and friends clash over exposing or defending the company.
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