Activision Blizzard Buys King Digital, EA and the Disruption Narrative, Apple TV Gaming

Activision Blizzard is buying King, the makers of Candy Crush Saga; the mobile games maker is probably worth more to a company like Activision Blizzard than they are by themselves. Plus, both EA and Activision Blizzard beat earnings expectations — does that mean the gaming disruption narrative is wrong?

Meituan-Dianping Merge in China, Facebook Messenger’s Business Model, Facebook and Teens

China’s O2O market is in the consolidation phase, and the competition is fierce. That, though, helps highlight why an advertising business model is sometimes so attractive, like, for example, the one that Facebook has. Plus, why the “Facebook has a problem with teens” narrative really isn’t a big deal

Okta is a Unicorn, BlackBerry Acquires Good Technologies

Okta is an important company in part because what their existence says about Microsoft’s challenges in the enterprise space. Plus, Blackberry acquires Good Technology, making them the market leader in device management.

Airbnb’s Externalities, Sharing and Culture, PayPal Acquires Xoom

Yesterday’s discussion of Airbnb was in part focused on the broader implications of the sharing economy. Truthfully, though, Airbnb deserves more attention for its externalities — it is in many ways more radical than Uber. It’s also not clear it will work in every culture.

Then, a brief discussion of Paypal and Xoom and how different degrees of trust require different types of business models.

Daum Kakao Buys Path, Amazon’s Funnel, More from Mary Meeker

Messaging apps are great examples of the power of funnels, and of how difficult they are to build. Meanwhile, Amazon expands and leverages theirs, plus my five favorite Mary Meeker slides.