THE DIFFAuctioning Information
Plus! Food Stamps-as-a-Service; Disney+Ads; Prices and Market Share; Learning the Meta; Crypto's Long March
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Permission for Social Mobility
Plus! Sanctions; Ads, Everywhere; Newsletters!; Value; VC Markdown Game Theory
FinanceThe History Problem
Plus! Downsides to the Solid-State Economy; BeReal; ESG Retaliation; Believing the Data; Dependency
FinanceData's Limits and the Judgment Gap
Plus! Mobility; More Housing, Just in Time; Wargamification; Worker Shortages; Taiwan; Diff Jobs
FinanceTwo Kinds of Search
Plus! De-SPAC; Transaction Costs; The Cost of Market-Making; Defaults; Drops
TechCan Datadog Dodge the Growth Slowdown?
Plus! Indexing; High-Yield Spreads; Search, Pt. 1; Search, Pt. 2; Distribution
TechThe Promise and Paradox of Decentralization
Plus! Valuation Arbitrage; Labor Liquidity; Pricing Power; Diff Jobs
TechWhat Do You Do With a Variant View?
Plus! Liquid Assets; Carbon and Gresham's Law; Fleets; Crypto and the Banks; Optimizing for Less Engagement
FinanceQuantitative Easing as an Effect of Weirdness, not a Cause
Plus! Many More Ad Bugs; Apparel and Pandemic Shifts; Disinformation Campaigns: Variance, Not Picking Sides; Software is Eating Receipts; IPO Cleanup
FinanceMagalu: Inside Brazil's Omnichannel Powerhouse
Plus! The Privacy/Security/Centralization Axes; Factors of Production; VPNs and Streaming Price Discrimination; The Belt and Road Alternative; Privacy and Tradeoffs
FinanceSquare and Afterpay: Payments, not Credit
Plus! Data Leaks; Invisible Put Option Exercised; Another Company Goes Subscription; The Greenwashing/Credit Spreads Arbitrage; Greenflation
FinanceChumboxes or Trust-Busters? Taboola and Outbrain
Plus! Sticky Wages; Robinhood!; Search Engines; 1-to-M-of-N Secret Sharing; Housing
Finance