All Articles


Portability and Interoperability

In Facebook CEO Mark Zuckerberg’s March 2019 op-ed in the Washington Post calling for federal regulation of technology, he included something that caught some observers by surprise:

Regulation should guarantee the principle of data portability. If you share data with one service, you should be....
12/03 424

Integration and Monopoly

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When I started Stratechery in 2013, the conventional wisdom was that modularized ecosystems were best. After all, Microsoft had just spent the last thirty years dominating the tech industry by dominating the operating system layer and benefiting from competition everywhere else in the stack.....
11/18 871

The Google Squeeze

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In 3Q 2014 Google had $16.5 billion in revenue and $2.8 billion in profit. I proceeded to write an article entitled Peak Google. Fast forward to last quarter, and Google had $36 billion in revenue and $6.7 billion in profit, increases of 118% and 139% respectively. It is difficult to imagine....
11/12 2065

Tech and Liberty

Free speech

Alexander Hamilton was against the Bill of Rights, particularly the First Amendment. This famous xkcd comic explains why:

According to Randall Munroe, the author, the “Right to Free Speech” is granted by the First Amendment, which was precisely the outcome Hamilton feared in Federalist No. 84:

11/05 1197

The Internet and the Third Estate

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Facebook CEO Mark Zuckerberg began his speech last week by attempting to place free expression in the historical American context, and only then turned to discuss free expression in the context of Facebook, where he proposed something much more modern:

People having the power to express....
10/21 1589

Google and Ambient Computing

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The most surprising revelation from yesterday’s Made by Google 19 keynote came in Google Senior Vice President of Devices and Services Rick Osterloh’s opening remarks:

If you look across all of Google’s products, from Search to Maps, Gmail to Photos, our mission is to bring a more helpful Google....
10/16 974

The China Cultural Clash


It all started with a tweet:

“It” refers to the current imbroglio surrounding Daryl Morey, the General Manager for the Houston Rockets of the National Basketball Association (NBA), and the latter’s dealings with China. The tweet, a reference to the ongoing protests in Hong Kong, “hurt the....
10/08 2921

Beachheads and Obstacles

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The fact that Amazon held its annual hardware event the same day as the keynote for Facebook’s Oculus Connect conference is almost certainly a coincidence. It was, though, a happy one, at least as far as Stratechery is concerned: these two events, wildly disparate in terms of presentation and....
10/01 774

Neither, and New: Lessons from Uber and Vision Fund

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The first time I wrote about Uber was in June, 2014. The Wall Street Journal had posted a column entitled Uber’s $18.2B Valuation is a Head Scratcher, which led to an easy rejoinder: Why Uber is Worth $18.2 Billion. Given that Uber is today worth $53.2 billion on the open market, that one turned....
09/25 1647

Day Two to One Day

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Jeff Bezos opened his 2016 letter to Amazon shareholders like this:

“Jeff, what does Day 2 look like?” That’s a question I just got at our most recent all-hands meeting. I’ve been reminding people that it’s Day 1 for a couple of decades. I work in an Amazon building named Day 1, and when I moved....
09/17 975