Garage cleaned, junk tossed, New workbench setup and put in place, Soon-to-be old road bike serviced, cleaned, and running well with new 50/34 crankset (longer post on this coming soon), Excellent new beer (see below) found and consumed. All in all, loving today. [contentcards url=https://www.instagram.com/p/BtgLChDlNQN/] ...
Ben Thompson (Stratechery): What makes subscriptions work is an alignment between editorial and business model: the former is incentivized by quality and differentiation because the payoff is a customer with a high lifetime value… […] The proposed Apple News model, on the other hand, which pays out according to reader engagement, pushes in the opposite direction — the Facebook direction. The motivation is “to maximize clicks” and “win a pageviews arms race”; sure, the driver isn’t low-margin advertising, but shifting the means of monetization doesn’t change the ends as far as incentives go. ...