
Internet 3.0 and the Beginning of (Tech) History
The actions taken by Big Tech have a resonance that goes beyond the context of domestic...

Trump and Twitter
Twitter and Facebook face the gravest Trump crisis yet, and this time, I think it is...

New Defaults
The pandemic and vaccine rollout have highlighted where the West has lost its way; we need...

The 2020 Stratechery Year in Review
The most popular and most important posts on Stratechery in 2020.

Social Networking 2.0
Facebook and Twitter represent the v1 of Social Networking; it's a bad copy of the analog...

Privacy Labels and Lookalike Audiences
Apple's position on privacy seems unimpeachable, but it ignores trade-offs, and risks a bad outcome for...

Stripe: Platform of Platforms
Stripe's announcement of Treasury — banking-as-a-service — manifests the breadth of the company's ambition.

Five Lessons From Dave Chappelle
Dave Chappelle has a new special about his old show that includes fundamental lessons about how...

The Idea Adoption Curve
Mapping the technology adoption curve to ideas gives insights in which business models work on which...

Playing on Hard Mode
Airbnb and DoorDash both created new markets where ones did not previously exist; they are startups...

Apple’s Shifting Differentiation
Apple is about the integration of hardware and software, but the balance between the two has...

Is the Internet Different?
A response to a critique of Aggregation Theory, and a defense of debate on an Internet...

United States v. Google
The Justice Department's lawsuit against Google is appropriately narrow, and if it fails it gives a...

Twitter, Responsibility, and Accountability
Twitter went to far last week for reasons that go back to 2016 and the unfair...

Disney and Integrators Versus Aggregators
Disney's reorganization reinforces their integrated strategy; there is a lot to learn for anyone competing with...

Anti-monopoly vs. Antitrust
What matters about the Congressional report on tech and antitrust is that it exists, not the...

2020 Bundles
The state of bundles in 2020: Netflix, Disney, Amazon, Microsoft, and Apple. Plus, Microsoft's purchase of...

Nvidia’s Integration Dreams
Nvidia's acquisition of ARM only makes sense from a financial perspective, unless you buy Jensen Huang's...

Rethinking the App Store
Assume that Apple is going to win versus Epic: what is a reasonable approach to the...

Apple, Epic, and the App Store
The App Store is not one thing: it is installation, payments, and customer management; the further...

Antitrust Politics
Analyzing the politics of the antitrust hearing featuring the CEOs of Apple, Amazon, Google, and Facebook.

India, Jio, and the Four Internets
There are four Internets: China versus the U.S., and the E.U. and India. India's potential new...

The TikTok War
How TikTok exposed Facebook's blindspot, thanks to its Chinese roots, and why those Chinese roots make...

Exponent Podcast: India, TikTok, and the U.S.
On Exponent, the weekly podcast I host with James Allworth, we discuss the Indian internet, TikTok,...

The Slack Social Network
Slack lost to Microsoft head-to-head, but has smartly shifted to a horizontal strategy that the vertically-oriented...

Apple and Facebook
Apple and Facebook seem like they are in conflict, but have often been each other's best...


Apple, ARM, and Intel
ARM Macs are imminent; why they make sense, and why the implications could be far-reaching, for...

Never-ending Niches
The Internet changed how media competes to focus and quality, but quality is defined by your...

Exponent Podcast: Speech and Systems
On Exponent, the weekly podcast I host with James Allworth, we discuss Dust in the Light....

Dust in the Light
The Internet ends gatekeepers and increases transparency, which has world-altering effects — both good and bad.

Platforms in an Aggregator World
Facebook Shops are good for Shopify merchants, but bad for Shopify; the answer is to push...

Chips and Geopolitics
TSMC showed the power of modularization, and now they are core to the U.S. national security...

Exponent Podcast: Open, Free, and Spotify
On Exponent, the weekly podcast I host with James Allworth, we discuss Dithering and Open Versus...

Dithering and Open Versus Free
Announcing the new Dithering podcast, and why it is important to fight for the open ecosystem...

The Anti-Amazon Alliance
Google Shopping is changing its model, suggesting Google is joining the Anti-Amazon Alliance; 3rd-party merchants should...

How Tech Can Build
Marc Andreessen has written (another) seminal essay: It's Time to Build. What does that mean for...

The NBA and Microsoft
The NBA and Microsoft are announcing a new partnership. The news, some brief analysis, and an...

Listen to Free Weekly Articles in Your Podcast Player
While Stratechery is supported by subscriptions to the Daily Update, there has long been the option...

Coronavirus Clarity
Apple and Google, who last Friday jointly | announced new capabilities for contact tracing coronavirus carriers...

Apple, Amazon, and Common Enemies
It is tempting — and useful — to look at Apple and Amazon's deal in a...

Exponent Podcast: Good is Better than Perfect
On Exponent, the weekly podcast I host with James Allworth, we discuss Unmasking Twitter. Listen to...

Unmasking Twitter
Twitter has a new policy to listen to experts about what content to limit; what happens,...

Compaq and Coronavirus
Compaq's descent from a company of action to a brand is a frightening parable for the...

Defining Information
In a follow-up to Zero Trust Information, exploring the four types of information and how their...

Exponent Podcast: A Search for Everything
On Exponent, the weekly podcast I host with James Allworth, we discuss Zero Trust Information. Listen...

Zero Trust Information
Zero Trust Networking is security with Internet assumptions; there is tremendous value if we apply the...

Exponent Podcast: Scale Scale Scale
On Exponent, the weekly podcast I host with James Allworth, we discuss Email Addresses and Razor...

Email Addresses and Razor Blades
The fate of Harry's and other DTC companies, particularly relative to companies like Credit Karma, highlight...

Exponent Podcast: Competing with Spotify and Regulating Acquisitions
On Exponent, the weekly podcast I host with James Allworth, we discuss The Daily Update Podcast...