Understanding Nvidia’s earnings, including its exploding inventory, China prospects, and public cloud partnerships
November 2022
Musk vs. Apple; Advertising, App Store Review, and 30%; Google Headcount
Elon Musk vs. Apple has felt like an inevitability, and the battle was joined over advertising, App Store control, and 30% fees. Plus, Google’s money-making employee base is remarkably small.
Disney Expectations, Twitter Expectations, Silicon Valley Expectations
Bob Chapek’s failure was about managing expectations; expectations are why the perception of Musk’s tenure have switched. The ultimate impact may be on Silicon Valley as a whole.
Happy Thanksgiving
Stratechery is off for Thanksgiving, but there are plenty of podcasts to catch up on.
Bob Iger Back at Disney; Chapek’s Tactics, Iger’s Strategy; Tactics, Strategy, or Environment
Bob Chapek’s tactics were downstream from Bob Iger’s strategy: if the strategy was the problem, then Disney is in trouble.
An Interview with Opendoor CEO Eric Wu About Building a Marketplace in a Real Estate Slowdown
An Interview with Opendoor CEO Eric Wu about why the speed of the current slowdown caught Opendoor by surprise, acquiring customers for an infrequent transaction, and how the company will get a marketplace off of the ground.
Warner Bros. Discovery and the NBA, The Zaslav Doctrine
Warner Bros. Discovery is clearly still interested in the NBA, Twitter chatter notwithstanding; then, the Zaslav doctrine about content becomes clearer.
The AI Moat Debate, Continued; Twitter’s Regulatory Risks; Twitter and Advertisers, Continued
More on Twitter, including the company’s real regulatory risk, and following-up on advertisers pulling back.
Narratives
What Elon Musk got wrong about Twitter, journalists and VCs got wrong about FTX, and Peter Thiel got wrong about crypto and AI — and why I made many of the same mistakes along the way.
An Interview with Midjourney Founder David Holz about Generative AI, VR, and Silicon Valley
An interview with Midjourney founder and CEO David Holz about his journey to Silicon Valley, his work on Leap Motion and VR, and the creation, business, and underlying technology of Midjourney and generative AI.