Good morning, Quite a bit happened today across a wide range of industries, but today’s update is all about payments. Max Levchin to be CEO of Affirm A few weeks ago I wrote The Problem with Payments which argued innovation in payments is hard because there isn’t much margin available if you’re building on topSubscribe […]
Free Stratechery and the Daily Email
I hope you will forgive one more solipsistic post; I’m as eager as you to get back to the kind of writing that you are here for. First off, thanks for your support. I’ve been pretty overwhelmed with the number of signups so far; it’s a great affirmation of what I’m doing here. As expected, […]
Adobe’s Subscription Model & Why Platform Owners Should Care
It’s difficult to overstate the significance of Adobe’s announcement that all of their products will be solely available through Creative Cloud. No longer can you buy packaged version of Photoshop, for example, that are yours forever. Instead you can subscribe to different individual apps or suites. What makes this so interesting is that while companies […]