Good morning, I apologize for the lack of pieces on the main Stratechery blog this week; we’re moving house, and it’s all a bit hectic. I should have something up later today. On to the update: Hailo Exits North America One of the most persistent criticisms of Uber has been that it will face anSubscribe […]
Don’t Blame Uber
At the risk of painting too broad a stroke, it seems to me that much of the opposition to changes wrought by the Internet undervalue the positive impact said changes have on normal people. For example, people despair over newspapers closing without appreciating the explosion in quality content freely available to anyone anywhere in the […]
Daily Update: Another (Inevitable) Uber Controversy, Why Instagram’s Hyperlapse Damns Windows Phone, Pouring Water on Fire Phone
Good morning, I wrote a brief piece on Stratechery about Amazon buying Twitch; my takeaway was in the title: Amazon: Not an E-Commerce Company. One could argue that makes the upside in their stock even greater, but were I an investor, I think I’d be out. I buy the e-commerce story; Amazon ruling the world,Subscribe […]
Daily Update: Uber v Lyft in NYC, Defending Surge Pricing, Taylor Swift on Music
Good morning, I wrote a piece on Stratechery called Smartphone Truths and Samsung’s Inevitable Decline. While it is mostly about why Samsung’s disappointing results shouldn’t be a surprise, there are also several points that cover why Apple is not doomed, but Microsoft and Amazon are. Today’s theme is supply-and-demand, and we unsurprisingly start with UberSubscribe […]
Daily Update: ESPN and Univision Crack Down on Vine, Canada’s Anti-spam Law, BlaBlaCar Raises $100 million
Good morning, Hello from Wisconsin! First off, I apologize that yesterday’s update was sent out so late; it was sent on a schedule, and I messed up my timezones. Thanks for your patience. On to the updates: a central theme of Stratechery is the importance of context and the vast expanse of gray when itSubscribe […]
Why Uber is Worth $18.2 Billion
Christopher Mims’ piece Uber’s $18.2B Valuation Is a Head Scratcher is getting a lot of play, and deservedly so: it’s a good encapsulation of many people’s objections to Uber’s recent round that valued the company at $18.2 billion. However, I think Mims is wrong. I would argue he: Dramatically underestimates Uber’s potential market Undervalues Uber’s […]