June 12
7-min read We witness border skirmishes between big tech firms on a regular basis. This year, one or more will erupt into a shooting war. Just as most wars are not a function of ideology but economics, the armies of search, handsets, and performative posts…
April 3
6-min read After COVID-19, nothing will be the same. The previous sentence is bullsh*t. On the contrary, things will never be more the same, just accelerated. Over the last two weeks, organizations ranging from the East Coast’s largest hedge and VC funds to MSNBC and…
March 13
7-min read It feels like a lifetime ago, but on Monday, private equity firm Silver Lake announced a $1 billion investment in Twitter, and Twitter agreed to 3 new board seats. To distract myself from coronavirus, I think about the valuation dynamics and corporate governance…
November 22
5-min read My NYU colleague professor Adam Alter has conducted research confirming that the most enduring of the senses is smell. Smell can take you back to age five, to that anxiety that sharply arose when your mother was tucking you in. Mom dousing herself…
September 20
So, the mother of all party crashers took a dump in the We IPO punch bowl. The crasher? Math. The autopsy will show the shelving of this IPO was death by S-1. This was a case of immunities kicking in after the requisite SEC disclosure.…
January 4
I was planning to review my 2018 predictions, which were AWESOME, and highlight some new ones for 2019: peak Apple, the coming spin of AWS, smart cameras, retail trends, and the best and worst tech stocks for the year. Covered some of that on last…
September 21
Last week I received several calls from media asking for comments on what has become the Mecca of innovation, Apple’s Special Events, where they announce the accessories of the global wealthy. If you think you're buying into a differentiated ecosystem or technology, think again —…
May 11
Since the Great Recession, the Four – Amazon, Apple, Facebook, and Google – have amassed a combined market cap greater than the GDP of France. The accretion of stakeholder value (for consumers, investors, and employees) is staggering. If we could suss out the underpinnings of…
September 22
The Worm Has Turned For the past decade, the loudest arguments waged regarding the Four (Amazon, Apple, Facebook, and Google) were about which CEO was more Jesus-like or should run for president. These platforms brought down autocrats, were going to cure death and put a…
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