Vaulter (Succession)

The Roys watch Stewy's interview regarding the takeover bid on rival news network PGM, and decide to retaliate immediately. Logan tasks Kendall and Roman with scrutinizing Vaulter, which is becoming a financial sink for Waystar. Senator Eavis promotes Shiv to chief of staff of his presidential campaign. Shiv meets Logan to discuss his offer to run the company, but Logan suggests that it would take three years for Shiv to fully integrate into her role as CEO.

The next day, Kendall and Roman visit Vaulter's offices and inform Lawrence that they will be performing a routine check of Vaulter's performance for Logan. Lawrence attempts to stall Kendall's efforts by burying him in paperwork, while Roman takes several Vaulter employees out for drinks in an attempt to extract more valuable information from them.

Tom, who has been promoted to Chair of Global Broadcast News at ATN, meets the network's owner Cyd Peach, who immediately dominates over him and dismisses him as another corporate bureaucrat. Determined to make his own impact, Tom tasks Greg with rooting out inefficiencies at the network, despite Greg's discomfort with ATN's politics. That night, Connor and Willa host a party celebrating their return to New York, which doubles as a canvassing event for Connor's presidential bid. Greg suggests to Tom that they digitize ATN's operations; Tom takes it as an opportunity to fire employees.

Kendall and Roman report their review of Vaulter's performance to Logan the next morning. Kendall wants Waystar to keep the company, but Roman reports having learned from intoxicated employees that Vaulter's readership is failing and that its staff wants to unionize. Logan sides with Roman and tasks Kendall with shutting down Vaulter and merging its intellectual property into Waystar's assets. Kendall hesitantly obliges, and unsuccessfully attempts to talk Vaulter's employees out of unionizing in a final attempt to salvage the site's viability.

Shiv and Tom have dinner with Roman and Tabitha, and Tom is roundly mocked. Afterwards, Shiv informs Tom that Logan has offered her the company. Tom expresses support but worries that the offer jeopardizes his own planned inheritance of the company; Shiv claims that Tom is still set to take over.

Kendall covertly installs Wi-Fi blockers in Vaulter's offices that night and arrives the next morning to inform the company's entire staff of their termination. Lawrence is nonplussed and demands to know why Kendall is suddenly turning against him; Kendall flatly answers that he is doing so on his father's orders. That night, he copes by throwing a drug-fueled party in a temporary apartment he gifts to Greg.

The next morning, Logan brings in Kendall to work alongside him full-time to help navigate the proxy battle against Stewy and Sandy. Meanwhile, Shiv antagonizes Eavis and decides to quit his campaign. That evening, Kendall shoplifts from a convenience store.

"Vaulter" was written by Jon Brown and directed by Andrij Parekh. It was Parekh's second time directing for the series after serving as a cinematographer for several episodes in the first season and directing the episode "Which Side Are You On?. The episode introduces Jeannie Berlin in a recurring role as Cyd Peach, the hard-nosed owner of Waystar's news outlet ATN.

The fictional company Vaulter has several parallels to real-world online media startups, and numerous critics pointed out how it functioned as a parody of popular news websites and gossip blogs. Vice was often cited as the most prominent basis for Vaulter by critics, and Vice News itself published an article by Drew Schwartz identifying various similarities between the culture of Vaulter depicted in the episode and Vice's own idiosyncrasies. These included a large neon sign bearing the company logo, framed photos of marijuana farms, and "unhinged headlines" like "Meet the World’s Richest People Trafficker (He’s a Surprisingly Nice Guy)." In the same piece, Schwartz also compared Vaulter to Gawker, for its similarly strained relationship with its parent company; and BuzzFeed, also for the comically exaggerated headlines.[1]

Austen Goslin of Polygon compared Vaulter's attempted "pivot to video" to the real-life fad of video-based content that companies like Facebook, Vice, and Mashable once saw as a major profit generator. Goslin particularly emphasized the similarity between Vaulter and Mic, which made a failed gambit on the profitability of video journalism in 2017 and ultimately sold for far less than its once-soaring valuation. Mic also performed mass layoffs of its staff during its downfall, similar to Kendall's firing of Vaulter's employees at the end of the episode; additionally, its founder partially attributed the company's failure to Facebook's algorithms, which the character Lawrence Yee blames for Vaulter's low readership in the episode.[2] The name "Vaulter" was also compared to New York Magazine's entertainment-based subsidiary Vulture.[3]

• "Vaulter" at HBO
• "Vaulter" at IMDb