All Articles


A Framework for Moderation

Stratechery 2019 08 07 20.42.32

On Sunday night, when Cloudflare CEO Matthew Prince announced in a blog post that the company was terminating service for 8chan, the response was nearly universal: Finally.

It was hard to disagree: it was on 8chan — which was created after complaints that the extremely lightly-moderated....
08/07 4622

Shopify and the Power of Platforms

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While I am (rightfully) teased about how often I discuss Aggregation Theory, there is a method to my madness, particularly over the last year: more and more attention is being paid to the power wielded by Aggregators like Google and Facebook, but to my mind the language is all wrong.

I discussed....
07/11 2421

Facebook, Libra, and the Long Game

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When I get things wrong — and I was very much wrong about Facebook’s blockchain plans — the reason is usually a predictable one: confirmation bias. That is, I already have an idea of what a company’s motivations are, and then view news through that lens, failing to think critically about what....
06/25 1896

Tech and Antitrust

Four years ago I wrote Aggregation Theory, which argued that technology companies, uniquely enabled by zero marginal costs, were dominant by virtue of user preference driving suppliers onto their platforms, creating a virtuous cycle. Then, one month later, I predicted that the end state of....
06/10 894

Apple’s Audacity

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It is the nature of hardware that a computer the vast majority of Apple’s customers will never own was the headline from the company’s keynote at its annual Worldwide Developer’s Conference (WWDC). The Mac Pro starts at $6,000, and will be configurable to a number many times that. If you think....
06/04 1660

Exponent Podcast: An Intra-west Debate

On Exponent, the weekly podcast I host with James Allworth, we discuss China, Leverage, and Values.

Listen to it here.
05/24 248

China, Leverage, and Values

Tim Culpan declared at Bloomberg that The Tech Cold War Has Begun after the Trump administration barred companies viewed as national security threats from selling to the U.S., and blocked U.S. companies from selling to Huawei specifically without explicit permission. Culpan writes:

The prospect....
05/21 1015

Exponent Podcast: A Perfect Meal

On Exponent, the weekly podcast I host with James Allworth, we discuss Microsoft, Slack, Zoom, and the SaaS Opportunity.

Listen to it here.
05/10 251

Google Fights Back

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For a company famed for its engineering culture, you wouldn’t expect a video at Google’s annual I/O developer conference to have such emotional resonance. And yet, just watch (I have included the context around the video in question, which starts at the 2:33 mark):

“I liked that very much.”

05/08 614

Uber Questions

Over the course of Uber’s remarkable rise — very significant stumbles along the way notwithstanding — it has been more prudent to defend the company’s valuation than to question it. Look no further than the first Stratechery article about the ride-sharing “personal mobility” company, written in....
04/22 612