Post Corona: The Four | No Mercy / No Malice

The State of FANGEach of the FANG companies is in a similar position in their respective industries: they haven’t so much disrupted incumbents as they have subsumed them:Facebook: The late David Carr, who first broke the news about Facebook’s Instant Articles initiative back in 2014, worried that “media companies would essentially be serfs in a kin... See more

Those of us who spend our careers analyzing businesses tend to see these types of massive behavioral shifts from a business-first perspective, but what does this look like for consumers?

Of the ten largest companies in the world by market capitalization, two, Alphabet and Meta, are primarily in the business of selling ads. Two others, Microsoft and Amazon, have significant ad businesses that are meaningful contributors to long-term growth assumptions. And now Apple, the largest company in the world by market cap, is also exper

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I like to say that I write about media generally and journalism specifically because the industry is a canary in the coal mine when it comes to the impact of the Internet: text shifted from newsprint to the web seamlessly, completely upending the industry’s business model along the way.Of course I have a vested interest in this shift: for better or... See more