The Diff

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - You Learn From Good Businesses and Bad Trades (13:45) - A Word From Our Sponsors (14:31) - ByteDance (15:00) - Clubhouse (15:56) - What's China Up To? (17:25) - The Cloud (18:25) - Facebook Goes More Remote (19:04) - Italy's Financial Engin...

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - Bretton Woods Revisited (10:37) - Facebook/Giphy (12:21) - Africa and Covid-19 (13:02) - China, Chips (13:38) - Italy Doesn't Plan to Miss Tourist Season (14:12) - Good Bubbles

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - The Future of Remote Work is not That Remote (09:28) - A Word From Our Sponsors (10:06) - Multilateralism (11:01) - Unilatéralisme (11:58) - 51% of Ad Dollars Spent, Not Wasted (12:35) - Domestic Fabs (13:27) - Google Privatizes the Web (14...

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - VC and Public Choice: Logo-Hunting and Optionality (07:11) - Negative Oil Futures: Almost Precedented (08:41) - Uber: Meet the New Boss (10:39) - Zoom Makes Progress (11:22) - California Approaches a 2009-Level Deficit (11:53) - Quantifying...

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - V-Shaped Recovery for Me, L-Shaped Recovery for Thee: The Aftermath (07:29) - Supply Chains and Deflationary Bullwhip Effects (08:25) - Microsoft Commoditizes the Complement (09:25) - "I think this is the future" (09:57) - Apple's Demograph...

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - The Rise, Fall, and Rebirth of Airline Fuel Hedges (09:23) - Amazon's Decentralization and Reputational Risk (10:37) - More Adpocalypse (11:30) - Tax Policy as Accidental Industrial Policy (12:47) - More Clever Policy Plans

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - Sparta, LARPs, and Ivies (04:57) - Out-Aggregating Amazon (05:24) - YC Undoes Something That Doesn’t Scale