After all, primary voters were electing a meme, and that meme, having infiltrated and taken over infrastructure that already existed, took over the Presidency. Still, the discussion of all of these different networks really does highlight how Facebook is unique: while Twitter, Instagram, YouTube, and TikTok are all first and foremost about the medium, and only then the network, Facebook is about the network first. What is striking about audio is how stunted its development is relative to other mediums. That is how the service has evolved from text to images to video and, I wouldn’t be surprised, to audio. Ben Thompson: 2020 Bundles — Stratechery Ben Thompson: The Great Unbundling — Stratechery Reed Hastings: 2018 Q4 Letter to Shareholders — Netflix Growth At Any Cost: Top Facebook Executive Defended Data Collection In 2016 Memo — And Warned That … Does anyone subscribe to Stratechery? But if you spin it — it’s got a chance of landing on heads, and a chance of landing on tails. Until you measure it, by stopping the coin, it can be either. The reason I only ever wrote one Article about Tesla and a handful of Daily Updates is because I was confused about the divorce between the company’s real world fortunes and its stock price. Sadly, Ben cites Moore's pop-biz book Crossing the Chasm, not Everett Rogers original book, which is superior in every way. September 22, 2019 The Care and Feeding of the Uffington White Horse Through More Than 100 Generations. This was representative of the Internet’s most obvious impact on media of all types: democratization. (The last third is more regrettable, but I’ll address that, too.) That is the nature of time. EM: It’s a play on words from Dune, “Who controls the spice controls the universe”, and if memes are spice then it’s memes. The crucial missing piece, though, is that TikTok isn’t really a social network…. Sorry, your blog cannot share posts by email. “We actually elected a meme as president.”. If you flip it, it can either be heads or tails. Much of what I’ve written is perhaps obvious; to me that lends credence to the idea that Clubhouse is onto something substantial. The second mistake is much more fundamental, because it touches on what makes the Internet so profound. When humanitarian aid to Yugoslavia started getting intercepted by bandits, Danish special forces operative Helge Meyer personally delivered food from the cockpit of an armor-plated stealth Camaro. How do things become interesting to people? Apparently, the content is so good that Ben Thompson, the founder, is earning close to $3 million annually for his newsletter. I was definitely more right than Krugman — easy to say about an article written in 2015 versus 1998, of course — but the truth is that I too missed the boat, both narrowly in the case of Facebook, and broadly in the case of the Internet. "At the same time, the U.S. healthcare system is inextricably tied up with the post-World War 2 order; indeed, the entire reason employers are so important to the system is because of World War 2 regulations that instituted price controls on wages, incentivizing employers to use benefits as a means of attracting workers (this was… Why, for example, would one want to rebuild every building in America in order to increase energy efficiency when we are getting all our energy from zero-emission sources anyway? Defining Information – Stratechery by Ben Thompson. Posted on Tuesday, November 17, 2020 Wednesday, November 18, 2020 Author by Ben Thompson Manage your Stratechery subscription. If the famous Jim Barksdale quote is to be believed — the one about there only being two ways to make money in business, bundling and unbundling — then I am long past due for a follow-up to 2017’s The Great Unbundling . February 15, 2021, 12:35 PM. It’s just as possible that Facebook is compelling for the content it surfaces, regardless of who surfaces it. Moreover, they don’t even need a publication: social media gives everyone the means to broadcast to the entire world. This has two implications: This is a big problem for the parties as described in The Party Decides. This is the other area where podcasts miss the mark: it is amazing to have so much choice, but all too often that choice is paralyzing; sometimes — a lot of times!
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