The Moat Map describes the correlation between the degree of supplier differentiation and the externalization (or internalization) of a company’s network effect.| Stratechery by Ben Thompson
Google and Facebook represent one philosophy, and Microsoft and Apple represent another; tech needs both, but ultimately platforms are more important than aggregators.| Stratechery by Ben Thompson
Aggregation Theory provides a framework to understand the impact of the Internet on nearly all industries.| Stratechery by Ben Thompson
Understanding the differences between aggregators and platforms matters for companies interacting with them and also regulators considering antitrust.| Stratechery by Ben Thompson