The Free Put Always Has a Secret Expiration Date
Plus! The In-App Economy; The Amazon Keiretsu; Unbundling; Unbundling, Con't.; Spending Cycles
All posts
In chronological order
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24-Hour Markets
Unlock Premium to read this post →Plus! Round Trips; Open Platforms; Moving Money; Shale and Elasticity; It All Turns Into Ads
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Who's Afraid of Index Funds?
Become a member to gain access →Plus! Diff Jobs; The Market for Data; Crowded Careers; Black Boxes, Everywhere; Externalities; Intra-Elite Conflict
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Longreads + Open Thread
Become a member to gain access →Dennett, Datacenters, Killer Apps, Anthropic, Reading, Thermostats, M&A, Rollups
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Meta's Open-Source Economics and Overdetermined Strategy
Unlock Premium to read this post →Plus! Metrics; Generation Gaps and Narrative Violations; Competitive Intelligence; Data Protectionism; Equity Cultures, Worldwide
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Who Wants AI-Generated Content to be Easily-Identified? Who Doesn't?
Unlock Premium to read this post →Plus! Media and Price Discrimination; Pushing Back Against the Black Box; Just Walk Out; Income Share Agreements; Unbundling the Pod Shop
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The Privacy/Security/Usability Efficient Frontier is set by Hardware
Unlock Premium to read this post →Plus! No Peak Pod Just Yet; Reinventing Old Media; Netflix's Explore/Exploit Strategy; Two-Track Growth Companies; The Nationalization Continuum
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Most Financial Phenomena are Older than they Look
Become a member to gain access →Plus! Diff Jobs; Labor Arbitrage; Reddit and Search; On-Prem; Audience of One; Ads Everywhere
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Longreads + Open Thread
Become a member to gain access →Organs, Talent, Longevity, Algorithmic Collusion, Arguments, Stocks and Flows, Privacy, Numeracy
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Composable Companies
Unlock Premium to read this post →Plus! More on the US/UK Valuation Gap; Big Tech Sees Like a State: Moderation Edition; Price Discrimination Supply Elasticity in Restaurants; Corporate Access
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On Memos
Unlock Premium to read this post →Plus! AI Pricing; The Listings Arbitrage; Automation; Preferred Habitat Theory and Equity Comp; Remixing Towards the Long Tail
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M&A and Experience Curves
Unlock Premium to read this post →Plus! Red Teaming; The Discount Rate Theory of Unions Attracting Investors; Cloning Twitter; Taxes and Employee Stock