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) - What's Happening in Logistics (09:43) - A Word From Our Sponsors (10:15) - Infohazards (11:20) - How The Grinchbots Steal Inflation (12:54) - The Hack Expands (13:59) - AR and the Physical/Digital Switch (14:56) - Antitrust and Real Interes...

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) - DoNotPay: The API for IRL (06:11) - The Index (08:05) - Twitter: Subscale (09:34) - Chaos Engineering (10:12) - Space Law (11:45) - The Login Layer

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) - Sharing and Owning Standards (09:08) - A Word From Our Sponsors (09:38) - More Institutional Bitcoin (10:16) - The Latest Asset to Trade at Negative Prices (10:50) - Facial Recognition (11:27) - Recursive Product Development (12:21) - Every...

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) - Taiwan and Supply Chain Frenmity (10:50) - A Word From Our Sponsors (11:28) - Airline Green Zones (12:29) - Short Sellers and the Supply Chain of Information (13:49) - Housing and Pull-Forward Demand (14:57) - Facebook and Visa Arbitrage

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) - Just One Thing or Every Single Thing? (10:42) - Media Disintermediation (12:16) - Amazon's Tactical PR, Con't. (12:54) - Roll Your Own Green Zone

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) - Wish: E-Commerce, Fast and Slow (08:30) - Online-to-Offline (09:39) - Less Than $10 Per Month (10:22) - Movie Lots (10:48) - Taxes and Incentives (11:33) - Unfairness

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) - Roblox: Tweenage Mutant MMT-ers (08:46) - The Gini Coefficient Bull Case for SaaS (09:58) - Big Banks as Common Carriers (11:10) - Yuan Bonds (12:24) - In-House Chips (13:21) - Understanding Consulting

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) - What’s Gold For? (15:11) - A Word From Our Sponsors (16:00) - Bitcoin, Flows, Autochthony (17:01) - Digital Media, Distribution, Autochthony (17:43) - Leaving “Little Taipei” (18:44) - Scrap

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) - Understanding Airbnb (12:42) - Measuring Eyeballs (13:29) - Property Rights (15:05) - Reputational Bug Bounties (16:08) - Running Out the Clock on Tariffs

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) - How Bubbles and Megaprojects Parallelize Innovation (10:52) - Vaccine Economics and Emerging Markets' Tough Choices (11:58) - Big Tech and the Missing Middle in Emerging Asia (14:17) - The Personal, The Political, and Ant (15:08) - Form, Fu...

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) - Big Tech Sees Like a State (14:34) - Pirate's Treasure, Redux (15:23) - Takedowns (16:10) - Antitrust and Laggy Beliefs (16:51) - Money, The High-Order Bit (17:44) - Perceptual Arbitrage in Crowdfunding (18:50) - Covid and the Talent Shift

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) - Media Refragmentation and Funnel Capture (05:57) - Disaggregation and Reaggregation in Fundraising (06:45) - Separation of Powers (07:29) - The Mortgage IPO Boom (08:10) - Multichannel Retail (09:13) - Recursive R(t), Redux (09:52) - Case S...

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) - Hardware-as-a-Service (10:08) - A Word From Our Sponsors (10:45) - The Muni Crisis (12:46) - Worker Mobility (14:03) - Supply Shocks

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) - Engineering a Conglomerate (09:18) - A Word From Our Sponsors (09:50) - Pretty Bad Privacy (11:31) - Exercising the Whistleblower Option (12:13) - Who Owns Streamed Games? (13:08) - Rebooting Transit (13:45) - Palantir (14:59) - Tech Sees L...

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 WeWork Arc (07:26) - Amazon's Third-Party Data (08:14) - The Lucas Critique in Finance (09:20) - Matching the Huawei Strategy (10:02) - Froth (10:52) - Demand and Logistics

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) - How the Pandemic is Fixing Some of the Real Estate Market's Flaws (06:32) - A Word From Our Sponsors (07:11) - Measuring the World's Largest Economy (08:14) - Showrooming and Retail (09:58) - Google Continues to Disaggregate Pages (10:43) -...

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) - Inside the House Report on Big Tech and Competition: Part II (21:57) - Yelp’s Crypto-Coinbase Moment (22:50) - Life at a Hypergrowth Startup (25:38) - Square and Bitcoin (26:15) - Driverless (27:21) - Local Champions and Good Globalization...

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 Gamer/Arbitrageur to Generalist Pipeline (06:15) - A Word From Our Sponsors (06:52) - Office Politics, Redux (08:53) - Vaccine as Perk (10:13) - Who Owns User Data? (10:53) - Tech Sees Like a State, Test-and-Trace Edition (11:36) - Conf...

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) - Surfing the Right S-Curve (10:43) - Google: Benefits and Retention (11:21) - Tail Risk on Trial (12:37) - A Theory of Policy Homogeneity (13:38) - Procurement (14:45) - Density Redistribution (15:45) - Crisis Hormesis (17:07) - The Other De...

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) - Big Tech at the End of History (19:49) - Belt & Road & Vial (20:55) - CCP and SMBs (21:17) - Hire Fast, Transfer Fast (21:52) - Life Imitates Science Fiction (22:28) - Koanic SaaS Secrets (23:00) - Interactive Brokers' Big Option Tr...

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) - Banking When You Can't Bank on Anything: Part 2 (09:18) - Inside Taiwan's Covid Response (11:15) - Defense Tech (12:34) - The Right Amount of Fraud (13:18) - Prizes (13:51) - The Airshow (14:20) - The Reliance Model (14:49) - Moderation and...

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) - Banking When You Can't Bank on Anything: Part 1 (09:51) - A Word From Our Sponsors (10:29) - France's New Industrial Policy (11:41) - China Exit Subsidies (12:32) - China Chips (13:23) - Basic Income With Right-Wing Populist Characteristics...

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) - Ant Group and China's Fitful Convergence (08:26) - The Startup Cycle (09:05) - Buybacks (09:53) - Return-on-Kickback (10:24) - Legalization (11:06) - Housing (11:31) - Big Tech, Monopolies, and Attack Surface (12:50) - TikTok

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) - Business Model Meta-Models (12:17) - Fed Maximalism (13:58) - CFOs Vocally but Passively Worried About Valuations (15:09) - TikTok (16:09) - Coming Soon: Experimental Data on IPO Unfairness (17:16) - Death and Base Rates (18:49) - Rapid Tes...

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) - Palantir: On Business, Cults, and Politics (16:36) - Wirecard's Scramble & Gamble (17:53) - Global Yuan? (18:32) - The Housing Boom (18:56) - Financial Education for the Soon-to-be 1% (19:29) - Alphabet Insurance