April 16, 2026
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47:40Now PlayingNine days after Bob Lee was found stabbed in San Francisco, police arrested Nima Momeni for his murder. Desperate to squash the ‘Doom Loop’ narrative, San Francisco officials insisted that Bob Lee was killed by someone he knew, a fellow tech executive. But the Cash App founder’s friends and family had never heard of Momeni. Reporter Shawn Wen tells the story of Momeni’s teen years in the East Bay, his minor brushes with the law, and the events that put him on a collision course with Lee.
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Three years ago, Bob Lee, a tech executive best known for creating Cash App, was found stabbed in the streets of San Francisco. His killing set off a wave of online fury. Rumors and misinformation ran rampant. Several tech industry leaders weighed in, including David Sacks, who “bet dollars to dimes” that Lee was stabbed by “a psychotic homeless person,” and Elon Musk, who disparaged the district attorney. When Lee’s killer was arrested, it became clear that the truth of what happened could not be further from the initial speculation.
Foundering is an award-winning, serialized podcast from the journalists at Bloomberg Technology. Each season, Foundering brings you inside a different high-stakes drama from the technology industry, where its companies are wielding unprecedented capital and power.
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