If there is a new tech cold war, it is one with shots fired over a decade ago, largely by China. The questions going forward are about both leverage and values.

At Google I/O, Google was the opposite of defensive: the company set out to make the case that its approach made for better products that makes people’s lives better

The Zoom and Slack IPOs show what Microsoft is missing in its growth story: a way to acquire new customers.

Uber’s S-1 raises more questions than it answers

TV is moving from a world where distribution dictates business models to one where business models need to fit the jobs consumers want done. That is the best way to understand Disney’s latest…

Regulators need to stop blindly regulating “the Internet” and instead understand that every part of the Internet stack is different, and only one part is suffering from market failure.

Apple’s Services Event generally made sense, even if most products weren’t ready to launch. It’s fair to wonder, though, if something important is being lost.

Senator Warren’s proposal about how to regulate tech is wrong about history, the source of tech giant’s power, and the fundamental nature of technology itself. That doesn’t mean t…

Mark Zuckerberg’s announcement of A Privacy-Focused Vision for Social Networking is not some dramatic pivot: it is a growth opportunity for Facebook and a challenge for regulators.

Companies succeed or fail not based on technology but rather according to their ability to integrate within their value chains.

Apple News is primed to offer a subscription bundle, but publishers should be wary of being Aggregated.

Spotify is making a major move into podcasts, where it appears to have clear designs to be the sort of Aggregator is cannot be when it comes to music.

The lesson of BuzzFeed is that dominant Aggregators like Facebook have no incentive to act against their self interest and support suppliers.

Netflix is an Aggregator, with a value chain that lets it drive demand, raise prices, and dismiss competition.

Amazon’s latest offering highlights the economic challenges facing open source companies — and Amazon should pay attention.

Apple’s management made three errors that led to the restatement of revenue; those errors, though, suggest that the company’s business is in better shape than it appears.

From the Archives: Apple’s China Problem.

The most popular and most important posts on Stratechery in 2018.

The State of Technology, at least in the enterprise space, is strong; consumer tech is another story, and it is time to question the dominance of big companies like Google.

Aggregators succeed by being the best at doing the jobs consumers want done.

Stratechery is selling merchandise! T-shirts, polos, hoodies, mugs, pins, stickers, and a special print of Aggregation Theory. Act now: the clothing items are only available until Monday, December …

Apple’s case before the Supreme Court is about standing; Apple has a strong case. That, though, doesn’t mean the App Store isn’t a monopoly — and that Apple isn’t increasing…

SAP’s acquisition of Qualtrics shows how the shift in technology has changed business; it is a perfect example of using the Internet to one’s advantage.

Apple’s decision to stop reporting unit sales is defensible; the company, though, should provide more data to support its new growth story.