This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on deep-sea mining and critical minerals, follow Justine Calma. The Stepback arrives in our subscribers' inboxes at 8AM ET. Opt in for The Stepback here.

How it started

This is not how I thought things would go down when I started covering deep-sea mining. I knew that impatience and greed could have unforeseen consequences for life that depends on healthy oceans, including humans. I just didn't foresee Donald Trump coming back to blow up international negotiations meant to make sure no single government screws up a resource so vital to …

Read the full story at The Verge.

Last year, Google surprised online video publishers with some stunning news: the company, which now generates over a quarter trillion dollars with advertising every year, effectively admitted that it isn't very good at selling ads for its own smart TV platform, Google TV.

The issue at heart: Google has long required publishers to share a percentage of their ad inventory to be on Google TV. It's a common industry practice. Companies like Roku or Vizio routinely sell a subset of the ad spots you see when you watch videos from third-party publishers on their smart TVs, and they pocket the money as compensation for operating their smart TV plat …

Read the full story at The Verge.

Competitors to Darragh Buckley's Increase are so nervous about his ambitions to "own" a bank, someone has been trying to stop him.