Stratechery and Thanksgiving

An update on Stratechery and why I’m particularly thankful this Thanksgiving.

Adobe Max, Photoshop on the Web, Photoshop and NFTs

Adobe Max suggested that Adobe is finally starting to build its products as a service, not just selling them that way. Plus, Photoshop on the Web leans into Photoshop’s complexity, and Photoshop’s NFT authenticity feature is compelling.

Netflix Earnings; Netflix and Gaming; Models, Not Mediums

Netflix turned in another quarter of disappointing earnings (as expected); the company’s planned foray into gaming, meanwhile, highlights how digital businesses are different.