Stratechery

On Exponent, the weekly podcast I host with James Allworth, we discuss The End of the Beginning. Listen to it here.

The history of credit cards helps explain why Plaid is valuable to Visa, and how Visa can make it significantly better.

The beginning of technology was about the shift from batched computing in one place to continuous computing everywhere. That era of paradigm changes may be over, which means the real changes are only beginning.

The most popular and most important posts on Stratechery in 2019.

Understanding the differences between platforms and Aggregators is critical when it comes to considering regulation.

Data portability is friendly to consumers, but it has very little to do with encouraging competition, at least relative to interoperability.

On Exponent, the weekly podcast I host with James Allworth, we discuss Integration and Monopoly. Listen to it here.

Apple has won through integration, but integration combined with network effects and economies of scale can result in bad outcomes that look a lot like monopolies.

Google, the real Aggregator, is squeezing OTAs, which acted like Aggregators while depending on Google for demand. It's easy to say Google is being unfair, but this may be better for consumers.

On Exponent, the weekly podcast I host with James Allworth, we discuss Tech and Liberty. Listen to it here.