How Much Is Snapchat Worth Today?

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I misspoke. It's possible to get a large number of users What it's not possible to build a business that's sustainable with those large numbers of users Or at least there's been no evidence to suggest that there is. To say that the only reason that tick-tock emerged is because China had the great firewall I just don't think matches reality and that's fine. We can agree and disagree But I'm pretty strongly disagree on this point.

Ben and James discuss the antitrust subcommittee hearing, the problems of mixing antitrust and Aggregators, and how to think about regulation and democracy.

Links

Ben Thompson: Antitrust Politics — Stratechery
The New York Times: Here’s which tech C.E.O. was asked the most questions by lawmakers. — NY Times
Ben Thompson: Why Doesn’t Apple Enable Sustainable Businesses on the App Store? — Stratechery
Ben Thompson: Apple’s China Problem — Stratechery
Ben Thompson: The Antitrust Hearing, The Role of Congress, CEO Questions — Stratechery Daily Update
Ben Thompson: A Framework for Regulating Competition on the Internet — Stratechery
Ben Thompson: Ends, Means, and Antitrust — Stratechery
James Allworth: Prioritizing Economics is Crippling the U.S. Economy — Medium
Ben Thompson: TikTok Key Money, Rule By Law, China Gaslighting — Stratechery Daily Update
Ben Thompson: Tech and Trump: The Meeting — Stratechery Daily Update