Differentiation and Value Capture in the Internet Age

The implication of the Smiling Curve is not only that aggregators have increased economic power, but that differentiated suppliers do as well; Omni Software is an example.

An Update on the Stratechery Membership Program

Last spring I wrote a series about the future of journalism: Part 1: FiveThirtyEight and the End of Average – link Part 2: The Stages of Newspapers’ Decline – link Part 3: Newspapers Are Dead; Long Live Journalism – link In the third installment I wrote: More and more journalism will be small endeavors, often […]

Daily Update: Taylor Swift v Daniel Ek, What Swift Gets Right, The Problem with Spotify

Good morning, As you will see in your inboxes momentarily, I wrote a new post on Stratechery called Two Microsofts about Microsoft’s decision to make Office free on mobile for consumers. The big takeaway is that, if you look at Microsoft through the lens of business models, they are already two different companies: one consumer,Subscribe […]

Daily Update: Initial Thoughts on Microsoft Office, Amazon Echo, WireLurker

Microsoft made a stunning announcement about Microsoft Office that both shows they understand their position and demonstrates how much delay cost them. Then, the Amazon Echo could be a much bigger deal that people think; it is a very different product than the Fire phone. Finally, a concerning new vector for malware on iOS.

Ello and Consumer-Friendly Business Models

Vox introduced Ello this way: A brand-new social networking startup — Ello — has gone viral. At one point on Thursday, the site was acquiring 31,000 new users an hour — many of whom flocked to there because of a disagreement with Facebook over its policy requiring real names, which some say is unfair to […]

Daily Update: LINE IPO, Kindle Unlimited, Apple and China

Good morning, I am back from vacation, although I can’t say I picked the ideal week for it, particularly given the dual Microsoft memos as well as the Apple-IBM deal. I plan to write about both on the main site this week. In the meantime, there are lots of earnings results this week; I’m hopingSubscribe […]

Daily Update: Fire Phone Follow-up, T-Mobile Test Drive, Adobe’s New Business Model Part 2

Good morning, I originally planned on avoiding yesterday’s Reuters piece about Apple’s smartwatch mainly because the idea of a 2.5” screen seems absurd (it is noteworthy that the piece included specifics about the manufacturer – Quanta Computer in Taiwan – and timing – production starting in July). Just before sending this update, though, the WallSubscribe […]