2026.06: SaaSmageddon and the Super Bowl
The best Stratechery content from the week of February 2, 2025, including the future of software, SaaSmageddon and Super Bowl ads, and madness in basketball and football.
Stratechery by Ben Thompson
On the business, strategy, and impact of technology.
An Interview with Benedict Evans About AI and Software
An interview with Benedict Evans about the crisis facing software, the future of the corporation, OpenAI, and the struggle to define the LLM paradigm.
An Interview with Netflix co-CEO Greg Peters About Engagement and Warner Bros.
An interview with Netflix co-CEO Greg Peters about engagement, competition, and the Warner Bros. acquisition.
2026.04: Netflix, Luka, and Life in La La Land
The best Stratechery content from the week of January 19, 2025, including Netflix questions, what TSMC means to AI, and some basketball
TSMC Risk
If hyperscalers and chip companies don't build up a TSMC competitor they are set to forego billions of dollars in revenue and stunt the AI revolution.
Intel Earnings, The Agentic Opportunity, Intel’s Mistaken Pessimism
Intel's earnings were disappointing because the company is missing a huge opportunity by virtue of selling off its capacity.
An Interview with Kalshi CEO Tarek Mansour About Prediction Markets
An interview with Kalshi co-founder and CEO Tarek Mansour about the value of prediction markets.
Meta Earnings, Turning Dials, Zuckerberg’s Motivation
Meta is up, despite massive CapEx plans. The company is turning every dial to drive revenue, because Mark Zuckerberg thinks winning in AI is existential.
2026.05: The Chip Fly in the AI Ointment
The best Stratechery content from the week of January 26, 2026, including tech's looming chip problem, what Meta is doing and why, and disappearing PLA generals and "De-Risking".
Microsoft and Software Survival
Microsoft got hammered on Wall Street for capacity allocation decisions that were the right ones: the software that wins will use AI to usurp other software.
Apple Earnings, Supply Chain Speculation, China and Industrial Design
Apple's earnings could have been higher but the company couldn't get enough chips; then, once again a new design meant higher sales in China.