Stratechery by Ben Thompson – On the business, strategy, and …
For 2024, while we now forecast Family of Apps revenues of $151.2 billion (almost $30 billion below the forecast made on February 2, 2022), our current all-in Meta operating profit estimate of $56.8 billion is also essentially in line. In essence, Meta has emerged as a more profitable (dare we say, efficient) business.
Intel, Mobileye, and Smiling Curves – Stratechery by Ben Thompson
Mar 14, 2017 · Intel, Mobileye, and Smiling Curves. Tuesday, March 14, 2017. There is a fascinating paragraph in this Wall Street Journal article about Intel’s purchase of Mobileye NV, an Advanced Driver Assistance System primarily focused on camera-based collision avoidance and, going forward, autonomous driving: The considerable premium Intel is willing ...
Spotify – Stratechery by Ben Thompson
The original definition of Aggregation Theory emphasized the importance of commoditized supply; that makes Spotify more of an Aggregator than Netflix. Spotify's new subscription podcast offerings embrace the open ecosystem of podcasts in multiple ways. Spotify is making a major move into podcasts, where it appears to have clear designs to be ...
OpenAI’s Misalignment and Microsoft’s Gain - By Ben Thompson
Nov 20, 2023 · Microsoft’s gain, meanwhile, is OpenAI’s loss, which is dependent on the Redmond-based company for both money and compute: the work its employees will do on AI will either be Microsoft’s by virtue of that perpetual license, or Microsoft’s directly because said employees joined Altman’s team. OpenAI’s trump card is ChatGPT, which is ...
Apple’s Organizational Crossroads – Stratechery by Ben Thompson
Apr 19, 2016 · DuPont, the famous chemical company, was actually built on gunpowder. Founded in the early 1800s, DuPont was a small family concern until the early 1900s, when Pierre DuPont modernized and organized the company around functions: primarily sales and manufacturing. The structure served DuPont well, particularly in World War I, when in response to ...
Dithering - Stratechery by Ben Thompson
May 12, 2020 · Sharp Tech and Stratechery Plus. Tuesday, September 20, 2022. Stratechery is launching a new podcast: Sharp Tech with Ben Thompson. In addition, the Stratechery Update subscription has now been expanded to the Stratechery Plus subscription, including the Stratechery Update, Stratechery Interviews, Sharp Tech, and Dithering.
Chips and China – Stratechery by Ben Thompson
Oct 25, 2022 · China’s share of >45 nanometer chips was 23% in 2019, and probably over 35% today; its share of 28-45 nanometer chips was 19% in 2019 and is probably approaching 30% today. Moreover, these chips still make up most of the volume for the industry as a whole: when you see charts like this, which measure market share by revenue, keep in mind that ...
Sharp Tech and Stratechery Plus - By Ben Thompson
Sep 20, 2022 · Sharp Tech with Ben Thompson is a new podcast from Andrew Sharp and myself about how technology works, and the ways it is impacting the world. We will publish one free episode weekly, and there are already six episodes in the catalog: Introducing Sharp Tech — September 20, 2022. What AI Is Today and What It Might Be Tomorrow — September 13 ...
Stripe: Platform of Platforms – Stratechery by Ben Thompson
Dec 3, 2020 · Stripe: Platform of Platforms. Thursday, December 3, 2020. Today Stripe is announcing Stripe Treasury; from the company’s press release: Stripe, the technology company building economic infrastructure for the Internet, today announced that it is launching Stripe Treasury. This gives Stripe’s platform users powerful APIs to embed financial ...
What is Stratechery? – Stratechery by Ben Thompson
What is Stratechery? Stratechery provides analysis of the strategy and business side of technology and media, and the impact of technology on society. Weekly Articles are free, while three Daily Updates a week are for subscribers only. Recommended by The New York Times as “one of the most interesting sources of analysis on any subject ...