In this issue:

• Xbox: The Misfit

• Microsoft's Pre-Regulation

• B2B Super Bowl Ads

• Flighty Retail Investors

• Discount Airlines

• Carbon Short Squeeze Update

• Payments, Messaging, and Network Effects

Xbox: The Misfit

Xbox is an odd entity for Microsoft to own, which makes the recent Activision offer particularly puzzling. Microsoft famously leveraged OS dominance to contr…