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Morning. Your 6 newsletters kept busy overnight, so we read them all and kept the good bits. You are welcome.
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Why distribution still beats models
Ben Thompson argues that owning the customer relationship matters more than owning the best model. Companies with daily active users can bolt on AI and win, while model makers without distribution are left renting access to their own customers.
| Why it matters: The best model loses to the one already on your home screen. Rude, but true. |
Read the full issue → on stratechery.com
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Money Stuff Matt Levine, Bloomberg |
Everything is securities fraud, still
Matt Levine returns to a favourite theme: almost any corporate misstep can eventually be framed as securities fraud. He walks through a recent lawsuit to show how the logic works.
| Why it matters: Bad news for shareholders is also, somehow, always a lawsuit. |
Read the full issue → on bloomberg.com
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One Useful Thing Ethan Mollick |
The jagged frontier, a year on
Ethan Mollick revisits the idea of a jagged frontier, where AI is brilliant at some tasks and baffling at others. New experiments suggest the edges have moved, but the shape has not.
| Why it matters: AI can write your strategy memo but not count the letters in it. |
Read the full issue → on oneusefulthing.org
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Lenny's Newsletter Lenny Rachitsky |
How the best teams write product strategy
Lenny breaks down how strong product teams write strategy documents that people actually use. The best ones are short, opinionated and make hard trade-offs explicit.
| Why it matters: If your strategy fits every company, it is a horoscope. |
Read the full issue → on lennysnewsletter.com
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Garbage Day Ryan Broderick |
Every app is turning into TikTok
Ryan Broderick notes that nearly every major app now looks like a short video feed. He argues the result is an internet that feels busier but oddly emptier.
| Why it matters: Every app became TikTok, and somehow nobody is having fun. |
Read the full issue → on garbageday.email
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Dense Discovery Kai Brach |
Cities built for people, not parking
Kai Brach looks at cities redesigning streets around people rather than parking, with examples from Paris to Melbourne. The common thread is small, reversible experiments.
| Why it matters: Turns out people prefer benches to bumpers. Who knew. |
Read the full issue → on densediscovery.com
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