Walter tells Ella that Massive Dynamic made its money at any cost: "A vile firm that never missed an opportunity to exploit the little guy."
Over to the concrete and glass edifice that houses Massive Dynamic, and whilst Nina's assistant and Nina herself are in period costume, Nina's office amusingly looks largely the same: minimalist décor. There's a somewhat old-timey-looking phone on the desk, but it's out of place next to the 21st-century Gateway computer. Olivia thanks Nina for seeing her, and Nina says Broyles called on her behalf, saying she was looking for something. "His name is Peter Bishop. I'm investigating his disappearance on behalf of his fiancée. She believes he may be in trouble."
Nina says she's not surprised, and that whatever trouble Peter is in, she's sure he deserves much worse: "Peter Bishop is a con man with many talents and many identities -- all of them suspect. Small cons to large-scale industrial espionage, with only one person's interests at heart: his own." She adds that if he's "pretending" to love Rachel, he must be using her somehow, and Nina hopes that he stays missing, since he's dangerous.
And then Nina's assistant strolls up because her "attention is required on another matter," and it was nice that she could spare 45 seconds for Olivia, and as Olivia leaves, Nina tells her to proceed with caution: "I meant it when I said that Peter Bishop is dangerous."
After Olivia leaves, Nina picks up the phone and dials. "It's me. There's been a development," she says.
More anachronisms as Olivia, in her car, calls Rachel from her cellphone, and gets her answering machine. As she's leaving a message, the line is picked up, and we can hear the sounds of a struggle, and then Rachel yelling, "Help me, Miss Dunham!" Is she your only hope? There's no answer when Olivia yells Rachel's name.
So Olivia busts into Rachel's apartment, only to find her dead on the floor. On the wall is a poster for a movie called The Glass Man, and I only mention it because that's likely to be of some significance to someone somewhere who cares to put more thought into interpretations of drug hallucination/dream sequence episodes than I do. It doesn't appear to be an actual movie. Likely more significantly, there is literally a hole in Rachel's chest, probably where her heart used to be.